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Deutsche Considers Strategic Options For AM Unit
Deutsche Bank is looking to shed large parts of its asset-management division as part of a strategic review.
Deutsche Bankis looking to shed large parts of its asset-management division as part of a strategic review,The Wall Street Journalreports. The firm is considering all strategic options. It is not selling its DWS mutual fund franchise in Germany, Europe and Asia. The U.S. unit ofDWShas been included in the review.
Deutsche Bank’s asset management division is divided into the four business lines. These are DWS, the infrastructure fundsRreef,Deutsche Insurance Asset ManagementandDB Advisor, which consists of the institutional investors’ advising activities. The review is being handled byKevin Parker, global head of asset management.
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