Deutsche Bank Private Wealth Management has named Torben Nielsen as global head of cash products, Trading Markets reports. In a newly formed role, Nielsen will manage about $95.6 billion in client cash assets.

He will also oversee all aspects of short term products from CDs and deposits to bonds and money market funds. He will be working under Kevin Lecocq, head of global investment solutions. Most recently, Nielsen was working with Barclays Wealth as global head of balance sheet products.

Click here for the story from Trading Markets.