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Private Clients and Asset Management 
The Private Clients and Asset Management Group Division, or PCAM, comprises Deutsche Bank’s invest­ment management business for both private and ins­ti­tu­tional clients, together with our tra­di­tional banking acti­vities for private individuals and small and medium-sized businesses. PCAM comprises two Corporate Divisions: Asset and Wealth Management and Private and Business Clients.
Asset and Wealth Management

Asset Management provides institutional clients, including pension funds and insurance companies, with a full range of services including traditional asset management, alternative assets, sophisticated absolute return strategies and real estate asset management. Asset Management also provides retail clients across the globe with mutual fund products through our DWS and DWS Scudder franchises.

Private Wealth Management (PWM) serves high net worth individuals and families worldwide. We provide these very discerning clients with a fully-integrated wealth management service, encompassing portfolio management, tax advisory, inheritance planning and philanthropic advisory services. PWM offers an integrated approach to wealth management to wealthy individuals and families both in the home country of the clients (onshore) and in international financial centres (offshore). Advisory services are offered in over 85 offices in more than 30 countries.

Private & Business Clients

Private & Busines Clients (PBC) offers banking services to private customers as well as small and medium-sized business clients in Germany and seven other countries across Europe and Asia through various channels including online access. Our range of services encompasses loans, current accounts and deposits and payment services as well as secu­rities and mutual funds and portfolio investment advisory.

Customers can access us through almost 1,500 branches, most of them located in Germany, Italy, Spain and Poland. In addition, we work closely with more than 3,200 independent financial advisors and have numerous sales coopera­tion arrangements with partners which include in Germany, among others, Deutsche Vermögens­beratung AG ( DVAG ) and the ADAC, Europe’s largest automobile club.

Products and Services
Comprehensive and personalized financial solutions for private and business clients.
  • Private & Business Clients
  • Private Wealth Management
  • DB Advisors
  • Retail FX Trading
  • DWS Investments
  • DWS Investments (US)
  • RREEF
  • X-markets


Achievements 
Asset Management

Asset Management achieved net inflows of € 27 billion in 2007, and ended the year with invested assets of € 555 billion. This is the third successive year of improvements in net asset flows, and represents a substantial turnaround since 2004.

Our global retail business, DWS, closed 2007 with € 235 billion of assets under management. As investment products are packaged in new ways, DWS has sought to move beyond traditional mutual funds to deliver its expertise in a wider variety of formats. By the end of December 2007, DWS had attracted € 7.7 billion of assets in structured products. The asset growth, innovation and global expansion achieved by DWS in 2007 were under­pinned by another year of strong investment performance. As at December 2007, 86 % of DWS equity funds (weighted by assets) had beaten their benchmarks over 10 years.

During 2007, our Alternatives business, RREEF, took advantage of the growth in alternative investments, increasing Assets under Mamagement to € 66 billion, up from € 59 billion a year earlier, and opened five new offices worldwide. RREEF is one of the world’s largest real estate investment managers. Not­with­standing chal­lenging credit conditions, by December it had invested more than € 5 billion in U.S. property, over € 3 billion in Europe, and almost € 1.5 billion in Asia / Pacific.

Private Wealth Management

2007 was a very success­ful year for PWM. During the year, invested assets increased to € 194 billion by year-end. This reflects net new assets of total­ling € 13 billion and market per­form­ance and was achieved despite a decline in the value of the U.S. dollar and other cur­rencies. Business growth was driven par­ti­cu­lar­ly by investment in staff for client services in recent years.

Private & Business Clients

For PBC, 2007 was a very good year. We again generated an ex­cellent business result and at the same time pushed ahead with our growth initiatives. We strength­ened our market leader­ship in Germany, sustained our strong business momentum in our European core markets and expanded our presence in emerging markets.

On the German home market, we made good progress both organically and with our acquisitions. We successfully integrated norisbank into PBC. With the new market launch in September, we sent a clear signal across the German banking landscape. Berliner Bank, with the growth in its client volume, has fully confirmed our multi-brand strategy and developed successfully.
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Awards
Awards
A selection of the most outstanding awards Deutsche Bank has received recently. [more]
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