Deutsche Bank To Restart Brazil AM Biz
Deutsche Bank is planning to restart asset management operations in Brazil again.
Deutsche Bank is planning to restart asset management (AM) operations in Brazil again, Bloomberg reports. The move comes as part of its expansion plan in Latin America.
The bank had sold one of its AM divisions to Banco Bradesco in 2002. It had also sold a controlling stake of 50.1 percent in its other AM division to Banco do Brasil in 2003.
Click here for the story from Bloomberg.