Deutsche Considers Strategic Options For AM Unit

Deutsche Bank is looking to shed large parts of its asset-management division as part of a strategic review, The Wall Street Journal reports. The firm is considering all strategic options. It is not selling its DWS mutual fund franchise in Germany, Europe and Asia. The U.S. unit of DWS has been included in the review.

Deutsche Bank’s asset management division is divided into the four business lines. These are DWS, the infrastructure funds Rreef, Deutsche Insurance Asset Management and DB Advisor, which consists of the institutional investors’ advising activities. The review is being handled by Kevin Parker, global head of asset management.

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