European wealth structuring specialist has appointed Silvia Wagner as managing director of Alceda Fund Management in Luxembourg, subject to regulatory clearance.

She will be responsible for structuring and portfolio management, finance and controlling and central administration. Wagner, who has 30 years of experience in financial services, was previously head of DWS Distribution Services and member of the managing board at DWS Finanz-Service.

She spent 20 years with Deutsche Bank, where she started as head of custody operations and was then responsible for organisation and project management before being appointed chief operation officer at DWS Investments and Deutsche Asset Management in Switzerland. Before joining Deutsche Bank Group, she worked as head of operations at Morgan Stanley Bank AG.

Established in 2007, Alceda is represented in four countries, with offices in Luxembourg, Hamburg, London and Hong Kong; it has more than $7 billion in assets under administration.