DWS Investments, the asset management firm which is part of Deutsche Bank, has appointed Luiz Riberio as head of Latin American equities.

Riberio latterly held the same position at sovereign wealth fund Abu Dhabi Investment Authority. Before this he managed one of the largest Brazilian equity funds in the world, as well as other Latin America-focused funds at HSBC.

In his new role Riberio will be based largely in São Paolo, reporting to Andreas Römer, DWS’ head of emerging markets.

The appointment of Riberio is the second made by the firm from a sovereign wealth fund in recent times; at the end of last year Hian-Boon Tay joined the firm from GIC, the Government of Singapore Investment Corporation.