The focus of the Capital Markets Day of Deutsche Bank today was the Asset Management business. Deutsche announced in its strategy review in March that the flotation of a minority stake of Deutsche Asset Management (DAM) is planned to be completed within the next two years. Deutsche Bank intends to retain a majority stake in Deutsche Asset Management. DAM will have its headquarters and be listed in Germany. DAM reported revenues of €1.9bn, a pre-tax profit of €645m, AuM of €698b
05 Dec 2017
Deutsche AM to be rebranded as DWS for IPO
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Deutsche AM to be rebranded as DWS for IPO
Deutsche Bank Aktiengesellschaft (DBK:WBO) | 0 0 -0.3% | Mkt Cap: 26,521m
- Published:
05 Dec 2017 -
Author:
Dieter Hein -
Pages:
2
The focus of the Capital Markets Day of Deutsche Bank today was the Asset Management business. Deutsche announced in its strategy review in March that the flotation of a minority stake of Deutsche Asset Management (DAM) is planned to be completed within the next two years. Deutsche Bank intends to retain a majority stake in Deutsche Asset Management. DAM will have its headquarters and be listed in Germany. DAM reported revenues of €1.9bn, a pre-tax profit of €645m, AuM of €698b