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

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

Rating:A Giant Bank Works On Its Asset Manager's IPO Story Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, July 27, 2017

A Giant Bank Works On Its Asset Manager's IPO Story

News summary by MFWire's editors

Those eagerly awaiting a particular giant bank's asset management partial IPO spinoff may have to wait a bit longer.
Nicolas Moreau
Deutsche Bank
Head of Deutsche Asset Management


Deutsche Bank's [profile] planned IPO of its $846-billion-AUM asset management arm probably won't happen until the first half of 2018 at the earliest, unnamed sources tell Reuters' Arno Schuetze and Simon Jessop. Perhaps Deutsche Bank CEO Jon Cryan and Deutsche Asset Management chief Nicolas Moreau are trying to improve the "equity story" for the unit, whose IPO could raise $2.3 billion, the wire service notes.
John Cryan
Deutsche Bank
CEO


"The IPO story is not ready yet," one unnamed source tells Reuters while opining that Deutsche needs to amp up its ETF business in particular. The publication notes Deutsche is the third-biggest ETF provider in Europe and the sixth biggest in the world.

"We are currently focused on creating a Deutsche AM business that is distinct from Deutsche Bank, in preparation for the planned partial IPO," a Deutsche spokesperson tells the wire service. "We expect to complete that process later this year. We have not yet started to present our equity story to investors."

Cryan has repeatedly insisted that he wants to keep Deutsche AM as "an integral part of the group." As such, the Deutsche AM partial spinoff plan he revealed in March of this year will still leave the bank holding what he calls a "controlling and super-majority stake" in Deutsche AM. Moreau reportedly said in June that the Deutsche AM business bundling and the distribution deals with the bank will all be finalized by October.

"We continue to make excellent progress with our IPO preparations and achieve notable milestones in our preparations," Moreau reportedly added in a memo earlier this month. 

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
2021: Q1
2020: Q4Q3Q2Q1
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


  1. MFDF Director Discussion Series - Open Forum via Zoom, January 27
  2. Nicsa webinar - Investment Data Science: A World Outside of Spreadsheets, January 27
  3. MFDF webinar - Post-Election Insights on Regulations and Issues That Affect Mutual Funds, January 28
  4. MMI Executive IQ Webinar: The 2021 Leadership Imperative, January 28
  5. ICI webinar - DOL's Stance on ESG Investments: A Look Ahead to 2021 and Beyond, January 29
  6. MFDF webinar - A New Fair Valuation Framework for Fund Directors, February 3
  7. MFDF Director Discussion Series - Open Forum via Zoom, February 10
  8. ICI webinar - ESG Fund Investing: The 2021 Landscape, February 16
  9. MFDF Director Discussion Series - Open Forum via Zoom (West Coast), February 24
  10. NICSA 2021 Strategic Leadership Forum, Feb 24-26
  11. IDC Foundations for Fund Directors, Mar 1-2
  12. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
  13. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
  14. ETFGI Global ETFs Insights Summit - ESG & Active ETF Trends, Mar 24-25
  15. MFDF Director Discussion Series - Open Forum via Zoom, March 24
  16. MFDF Director Discussion Series - Open Forum via Zoom, April 7
  17. ETF.com Awards 2020, April 20
  18. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  19. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  20. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  21. ICI 2021 General Membership Meeting - Day 1, May 6
  22. ICI 2021 General Membership Meeting - Day 2, May 13
  23. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  24. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  25. ICI 2021 Operations and Technology Conference, May 20
  26. MFDF 2021 Fund Governance & Regulatory Insights Conference, Jun 10-11




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use