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Deutsche Bank partially floats DWS

02 March 18 - RE+D Magazine
Deutsche Bank partially floats DWS

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Antulio Richetta

Director IBI Group
Deutsche Bank intends to proceed with the planned partial flotation of DWS, it confirmed to ipe.com.

 

The listing would happen “in the earliest available window, subject to market conditions”, the bank said in a statement. Deutsche Asset Management, as the asset management arm is still officially called pending the final rebranding as DWS, has €700billion of assets under management.

It was ranked just inside the top 20 in IPE’s 2017 Top 400 global managers and the eighth largest European institutional manager.

Deutsche also said the minority initial public offering of DWS would provide the company with greater operational flexibility to control costs and enable it to capture future growth opportunities and select “bolt-on” acquisitions.

Medium targets for the asset manager include net inflows of 3-5% of opening assets under management per annum and a management fee margin greater than or equal to 30 basis points.

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