Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Will Deutsche Merge DWS With a $785B Shop? Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 24, 2019

Will Deutsche Merge DWS With a $785B Shop?

News summary by MFWire's editors

Rumor has it that a pair of publicly traded, multinational banking titans are having serious talks about combining their asset management arms.

Unnamed sources say that the Deutsche Bank team is having serious talks with UBS about merging UBS' asset management business in with DWS, the Financial Times reports. The news follows reports earlier this month that UBS' board is weighing strategic options for its asset management business, including the possibility of buying DWS and combining it with the UBS asset management business.

Combined, DWS and UBS asset management would have 1.362 trillion euros ($1.527 trillion) in AUM. Publicly traded DWS is still 79-percent owned by Deutsche Bank, and the FT reports that the bank would still be the biggest shareholder of the asset manager post-merger.

The FT points to Allianz, Amundi, Generali, and Natixis as other potential DWS suitors. Yet the paper's unnamed sources say that an outright DWS sale is off the table, as the asset manager fits well into Deutsche's CEO's plans to amp up stable revenues.

Editor's Note: A prior version of this story gave the wrong AUM estimate for a combination between DWS and UBS asset management. They would have about $1.527 trillion in AUM. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use