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A duo of convertible bond managers are to leave DWS, the German arm of Deutsche Asset Management, following hot on the heels of global equities chief Henning Gebhardt.

One of the departees, Stefan Schauer, is deputy manager of the €2.4 billion Deutsche Invest 1 Convertibles. The other, Marc-Alexander Kniess, is portfolio manager of the €265 million DWS convertibles fund, according to a person familiar with DeAM.

News of their departures follows global equities chief Henning Gebhardt's decision to leave the Deutsche unit

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Convertible bond managers to exit DWS

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