Philipp Hensler is Epoch Investment Partners’ new president and chief operating officer, CIO has learned.
Hensler, 53, replaces Timothy Taussig, who is also a co-founder of the $44.2 billion business, which is the investment arm of TD Bank. Taussig will retire at the end of the year.
Hensler comes from Vontobel Asset Management, where he was president and chief executive officer for four and a half years. Before Vontobel, he was the head of distribution for Oppenheimer Funds. He also spent a decade at Deutsche Asset Management/DWS, where he was CEO of its New York-based distribution arm.
William Priest, Epoch’s co-founder, CEO, and co-CIO, expressed his optimism about the incoming executive. He anticipated working with Hensler to “lead Epoch together in the next phase of our evolution.”
Hensler told CIO that he would be asking questions and talking to the staff “to get the culture right” before making any changes.
“I’m still the new kid on the block,” he said. “I’m not going to be arrogant and tell everyone on my first day that I know best.”