In the Margins

Deutsche Bank chief: DeAM is not for sale

September 13, 2016

By Bloomberg

Deutsche Bank AG CEO John Cryan said the asset management business will remain an “essential part” of the company. “Do not allow yourself to become distracted by speculation about alleged mergers or sales plans,” Cryan said in a letter to employees. “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.” Read the original story from Bloomberg