Tim Albrecht, a star equities fund manager at DWS, Deutsche Bank’s asset management arm, has changed his mind about leaving the company at the end of this year.

Albrecht was due to start work at Berenberg, the German private bank, in January, joining former DWS colleague Henning Gebhardt, who departed in 2017. Gebhardt, who had worked at the fund manager for two decades, was global head of equities.