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Report: Deutsche Asset Management names private equity secondaries global head

Deutsche Asset Management International GmbH named Mark McDonald global head of private equity secondaries, Reuters reported, citing a company memo.

Based in London, McDonald will focus on "difficult-to-access secondary market opportunities and special situations" for the firm's business growth. He will report to alternatives head Pierre Cherki, the newswire noted.

McDonald most recently served as global head of secondary advisory in Credit Suisse Asset Management Ltd.

Deutsche Asset Management is the fund management arm of Deutsche Bank AG.