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
Work with us on your Integrated Marketing Campaigns
WatersTechnology offers a full range of custom research, surveys, webcasts, video and whitepapers for firms looking to demonstrate thought-leadership through their marketing campaigns and generate sales leads.
A fast, flexible and reliable investment decision-making process must be based on access to accurate and consistent information throughout an organization....
We have truly entered the Age of Bring Your Own Device, or BYOD. And as with every new era fuelled by innovation, the new challenges are screaming for...