Deutsche Bank in asset management spin-off rumours
Deutsche Bank is working on an initial public offering of its asset management division to rebuild its capital position, the Financial Times has reported.
Deutsche
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Deutsche Bank sells Abbey Life to Phoenix Group
Deutsche Bank has confirmed that it is to sell its Abbey Life business to closed book life and pension provider Phoenix Life Holdings, for £935m (€1.08bn, $1.21bn).
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ANALYSIS: Deutsche Bank brinksmanship leaves market teeth on edge
Shares in Deutsche Bank slumped over 6% on Monday morning as investor worries about its capital position intensified and the focus shifted from the boardroom to politics.
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Deutsche Bank rules out sale of asset management arm
Deutsche Bank chief executive John Cryan has “made it unambiguously clear” that Deutsche Asset Management is still a core part of the business and is not being sold.
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Barclays and Deutsche continue non-core business sell-off
Barclays has completed the sale of its Italian retail banking network, while Deutsche Bank is to sell its subsidiary in Argentina, as the banks continue to rationalise their footprints and business strategies.
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PEOPLE MOVES: FCA hires ex-FBI man, Deutsche Bank, Old Mutual
The UK regulator has pulled out the big guns and appointed a former FBI man to head up its retail and regulatory investigations. Deutsche Bank has appointed co-heads of wealth management for Germany and Old Mutual International has named an operations director for the Isle of Man.
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Qatar royal family now Deutsche Bank’s biggest shareholder
Qatar’s royal family has increased its stake in Deutsche Bank to nearly 10% and recommended a replacement for an open position on the bank’s supervisory board.
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PEOPLE MOVES: UK government, Zurich, Deutsche Bank
On her second day as UK prime minister, Theresa May has cleaned house and named her new cabinet. Zurich International Life has appointed a new chief operations officer, while Deutsche Bank has provisionally appointed a chief executive for Asia Pacific.
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Deutsche Bank WM repositions post-Brexit
Despite Brexit, the chief investment officer of Deutsche Bank’s wealth division, Christian Nolting, still sees upside potential for equities in the UK and Europe.
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Life companies still vulnerable despite share rally
Companies in the life insurance sector will continue to be vulnerable to further market shocks in the aftermath of the Brexit vote despite a rally in shares, research has shown.
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Deutsche Bank and Arabesque launch ESG investment products
Deutsche Bank and Arabesque Partners are to launch of a new family of investment products that apply a quantitative stock selection mechanism to environmental, social and governance (ESG) investing.
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PEOPLE MOVES: Schroders, Deutsche Bank, Old Mutual Wealth
Schroders has announced a host of senior moves in Asia Pacific, with Deutsche Bank reporting a high-level departure in the region. Old Mutual Wealth has named the head of its Financial Adviser School, while the firm’s Global Investors division is losing its absolute return manager following a difference of opinion.