The bank said 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.
According to the bank, the strategic review will examine all of its asset management industry globally, except the predominantly retail DWS franchise in Germany, Europe and Asia.
Deutsche Bank Group executive committee member and global head of asset management Kevin Parker said that the outcome of this review will be driven first and foremost by their fiduciary duty to, and the interests of, their clients. Their aim is to find the best strategic option to maximize the performance and potential of the Asset Management division.
