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Deutsche Bank Considers Asset-Management Sale

November 22, 2011
Deutsche Bank, looking to cut costs and raise capital levels in preparation for tighter regulatory controls, says it’s reviewing strategic options for its asset management business.  The review covers all of DB’s asset management units globally, except for its retail-focused DWS franchise in Germany, Europe and Asia.

"While the bank remains committed to asset management, this review is part of the bank’s continual effort to maintain an optimal business mix and be among the market leaders in each of its businesses.” -- Company Statement.

Silvia Quandt Research analyst Michael Rohr told Dow Jones Newswires that the main reason for the review is to identify “hardly profitable” units, and added, “RREEF (infrastructure funds) frequently suffered from write-offs, and Deutsche’s insurance asset management is a low margin business." Deutsche Bank’s Asset Management. The Division comprises 4 business lines:  DWS, infrastructure funds RREEF, Deutsche Insurance A/M, and DB Advisor - the last comprises institutional investors’ advising activities.   [Barrons  11/22/11]. For the complete bank statement, go to:  Deutsche Bank Business Wire.