Deutsche Bank confirms €2bn asset management IPO
Deutsche Bank has confirmed plans to list its asset management division DWS on the Frankfurt Stock Exchange for €2bn (£1.76bn, $2.45bn).
Deutsche
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PEOPLE MOVES: HSBC Private Bank, Deutsche Bank, Savills IM
HSBC Private Bank has appointed a head of Luxembourg, Deutsche Bank Wealth Management has appointed a team to lead its non-resident Indian offering in Singapore and Savills IM pivoted toward Asia with series of senior moves.
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PEOPLE MOVES: Julius Baer, Deutsche Bank and MMI
Julius Baer appoints a managing director from Barclays, MMI makes significant changes to its leadership team and Deutsche Bank hires a head of UK client advisers.
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PEOPLE MOVES: St James’s Place, 7IM, Deutsche Bank
St James’s Place appoints senior adviser in Asia, 7IM sacks its chief investment officer and Deutsche Bank adds two wealth management teams for Asia push.
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PEOPLE MOVES: Aegon Life, Deutsche AM, BNP Paribas
Aegon Life in India has a new chief executive, Deutsche Asset Management has hired its global head of equity from Credit Suisse and BNP Paribas has created a head of institutional sales role for the UK and Ireland.
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Trust acquisition adds Asia presence to $95bn offshore specialist
Bermuda-based Bank of N.T. Butterfield & Son will establish an Asia presence following its acquisition of Deutsche Bank’s Global Trust Solutions (GTS) business.
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Deutsche AM defends listed infrastructure investment
Following academic criticism that listed infrastructure investments don’t deliver infrastructure-like returns, Deutsche Asset Management’s head of liquid real assets for Asia & Europe has come to the asset class’s defence.
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PEOPLE MOVES: Deutsche Bank, Liberty Sipp, Aegon
German behemoth Deutsche Bank has replaced its US chief Bill Woodley, while pension provider Liberty Sipp has a new finance and operations director, and life insurer Aegon UK a new head of marketing communications.
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Deutsche AM: Hot Asian equities have room to run
Asian equity markets are up, but they are not in a bull market, according to Sean Taylor, Deutsche Asset Management’s Hong Kong-based managing director and Asia Pacific chief investment officer.
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Deutsche AM terminates 16 Hong Kong ETFs
Deutsche Asset Management is delisting 16 ETFs in Hong Kong, cutting the number of exchange-traded funds it has listed in the special administrative region in half, according to data from the Hong Kong Exchange and Clearing.
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PEOPLE MOVES: Old Mutual director runs for Zimbabwe presidency
An Old Mutual director is to run for president of Zimbabwe, while Old Mutual Asset Management and Axa Asia are both losing their chief executives. Deutsche Bank Wealth Management has appointed a former Coutts & Co chief executive to head up its UK business.
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PEOPLE MOVES: BlackRock, Deutsche Bank, Aviva
BlackRock has lost an ex-Barclays chief executive from its board after he was charged by the UK’s Serious Fraud Office. Deutsche Bank has ramped up its anti-financial crime divisionwith two senior hires, while Aviva has appointed its chief executive of international insurance to the company’s board.