Deutsche Bank recognized by Reactions Magazine as Best Insurance Asset Manager
Deutsche Asset Management’s insurance division has been awarded Best Asset Manager by Reactions, the financial magazine for the global insurance market. Reactions’ 2008 Global Awards, as voted by readers through an extensive insurance industry poll, were announced on August 26, 2008 at an awards dinner in New York. Reactions awards are designed to recognize firms, deals, and initiatives in the insurance and reinsurance markets that are performing a cut above the rest.
“Reactions decision to institute a Best Asset Manager award this year gives credence to the growing importance of external asset managers to insurers,” said Randy Brown, a Managing Director and Global Head of Deutsche Insurance Asset Management. “We are very honored to win an award based on client feedback. Our partnership approach to client service and highly customized portfolio management has served our clients well for nearly 80 years. Our global platform, delivered locally, has proven valuable to all of our clients, not just multi-nationals.”
Named the world’s largest third-party manager of insurance portfolios for four years running in Insurance Asset Manager’s (IAM) annual survey, Deutsche Insurance Asset Management led IAM’s 2008 rankings by a wide margin with $160 billion in assets under management, as of 31 December 2007. Deutsche Insurance Asset Management’s dedicated insurance investment professionals are located in North America, Europe and Asia-Pacific and invest across a full range of traditional and alternative strategies.
For further information, please call:
Mayura Hooper +1 (212) 250-5536
About Deutsche Bank
Deutsche Bank <NYSE: DB> is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,291 employees in 76 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
About Deutsche Asset Management
With approximately $811.7 billion in assets under management globally (as of 30 June 2008), Deutsche Bank’s Asset Management division is one of the world's leading investment management organizations, not just in size, but in quality and breadth of investment products, performance and client service. The Asset Management division provides a broad range of investment management products across the risk/return spectrum.