The global head of capital markets at German asset manager DWS, Keshava Shastry, has left the business, according to two people with knowledge of the matter, The TRADE can reveal.
Keshava Shastry
Shastry, a managing director based in London, had been with the German firm for over ten years.
He recently left the business, the people said, who spoke on condition of anonymity as the matter is private.
DWS declined to comment. Shastry did not immediately respond to a request for comment.
While working for the German investment manager he was responsible for institutional clients including central banks, pensions funds and sovereign wealth funds and assisted them with asset allocation and best execution.
Shastry was also responsible for leading the investment division’s foray into digital assets and decentralised finance (DeFi).
Prior to joining Deutsche Asset Management, Shastry was employed as head of capital markets at Credit Suisse Asset Management (CSAM). He also enjoyed a stint on the buy-side as a director of capital markets at US investment giant BlackRock before joining the Swiss firm.
His career in the City began with Wall Street firm Citigroup, which he joined as an analyst, before working as a trader on the short-term interest rate desk.
Shastry has also been chair of the of Investment Association (IA) UK committee since April 2020 and chair of the European Fund and Asset Management Association (EFAMA) task force from June 2020, according to his LinkedIn profile.
DWS managed €896 billion of assets as of 31 December 2023, and employs around 4,500 employees in its global network of offices. The firm is the number one retail asset manager in Germany, and the number three pension assets manager in its home country.