Deutsche Bank's Asset Management division, in partnership with Greenprint Foundation, has appointed Charles Leitner as chief executive officer of Greenprint, a network of investors and institutions focused on cutting carbon emissions.

Leitner will lead the Foundation's initiative to reduce real estate carbon emissions. RREEF, the real estate investment management business of Deutsche Bank Asset Management, is a founding member of Greenprint and has said it strongly supports his decision to take on this new position.

Leitner will also take up the role of chairman of RREEF.

Pierre Cherki has been appointed global head of RREEF, effective immediately. Cherki, who will be based in New York, was previously head of Europe, Middle East and Asia Pacific for RREEF and has been a senior leader within the organization for over 13 years. He reports to Kevin Parker, global head of Deutsche Bank Asset Management and a member of the Deutsche Bank group executive committee. Deutsche Bank Asset Management says it is one of the world's largest climate change investors with $6.8 billion in climate change-related assets under management as of 31 March.