This disposal allows Deutsche Bank to create a stronger, more focused asset management business that can provide greater value to its clients and shareholders.
The sale of Deutsche Asset Management's Philadelphia-based Active Fixed Income business will be completed around
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About Deutsche Bank
With Euro 964 billion in assets and 63,652 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in
Deutsche Asset Management (DeAM) is the global asset management business of Deutsche Bank AG, with AUM of US$723 billion (as of
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