MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, September 13, 2016 Cryan Shoots Down Deutsche Asset Management Deal Rumors Deutsche Bank CEO John Cryan is shooting down rumors about the multinational bank possibly selling Deutsche Asset Management [profile].
"Do not allow yourself to become distracted by speculation about alleged mergers or sales plans," Cryan writes. "There is one rumor in particular that I would like to dispel by making it unambiguously clear that Deutsche Asset Management is, and will remain, an essential part of our business model." Under Cryan, Quintin Price had led Deutsche Asset Management globally before taking medical leave in April and then exiting completely in June. In October Axa veteran Nicholas Moreau will succeed Price on the bank's management board. On this side of the pond, Jerry Miller stepped down earlier this year as head of the Americas for Deutsche Asset Management, and in June Bob Kendall was named to take Miller's place. Deutsche Asset Management had 719 billion euros (about $808 billion) in AUM as of June 2016. Printed from: MFWire.com/story.asp?s=54788 Copyright 2016, InvestmentWires, Inc. All Rights Reserved |
