Frankfurt-based bank in discussions with Guggenheim Partners over sale.
Deutsche Bank, the global financial services company headquartered in Frankfurt, has announced that it is in negotiations with Guggenheim Partners, a Chicago-based buy-side firm with $125 billion under management, over the sale of its asset management businesses.
This follows the announcement in November last year, that it would conduct a strategic review of the division. The DWS franchise in Germany, Europe and Asia was excepted from the review after being deemed a core part of Deutsche's retail operations.
The businesses being discussed as part of the deal include DB advisors, Deutsche Insurance Asset Management and RREEF.
More from Sell Side Technology
Updating your subscription status
Winner's Announced: Sell-Side Technology Awards 2014
The winners of the 2nd annual Sell-Side Technology Awards 2014 were announced in New York on April 15. These awards recognize the leading technologies and third-party vendors in their area of expertise, through an auditable and transparent methodology. To view the winners across the 24 categories click here.
The over-the-counter (OTC) derivatives market is in the midst of a global regulatory restructure. Authorities in Europe, Asia and the US are currently...
A fast, flexible and reliable investment decision-making process must be based on access to accurate and consistent information throughout an organization....