Deutsche Bank Admin. Exec. Wallace Out

Mar 24 2014 | 11:05am ET

Deutsche Bank’s hedge-fund administration business has lost a long-time executive.

John Wallace left the bank at the end of last month, after 23 years at Deutsche Bank, HedgeCo.Net reports. Wallace is a former co-head of the firm’s alternative fund services group, and most recently oversaw technology projects for hedge-fund clients.

Deutsche Bank had about $11.6 billion in assets under administration during the fourth quarter of last year.

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