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Deutsche Bank Announces IPO of EUR 700 billion Asset Management Business DWS Group
Deutsche Bank has announced its plan to list its Asset Management business, DWS Group on the Frankfurt Stock Exchange. The listing will take place in the earliest window, subject to market conditions.
” Deutsche Bank to list EUR 700 billion Asset Management Business – DWS “
DWS, is one of the world’s leading asset managers, with EUR 700 billion AUM and has presence in 22 countries globally. DWS’s sole shareholder is DB Beteiligungs Holding GmbH, a 100% subsidiary of Deutsche Bank AG.
Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific. Founded in 1870, it has 2,790 branches around the globe, thereof 1,827 in Germany. The bank provides banking services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals — through four business divisions: Corporate and Investment Banking, Global Markets, Deutsche Asset Management, as well as Private, Wealth and Commercial Clients.
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