Deutsche Bank Considering Closer Integration of Asset Management and Private Banking
Deutsche Bank is exploring options to align its asset management arm, DWS Group, with its private banking operations more closely. According to Bloomberg sources, the bank discussed potential measures during a strategy meeting in London earlier this month. These could include expanding on initiatives like discretionary portfolio management partnerships introduced in February. While no decisions have been made yet and discussions remain preliminary, executives suggest that closer cooperation might eventually lead to organizational alignment between the two units. Deutsche Bank owns approximately 80% of DWS Group, which recently announced a rebranding as Deutsche Asset Management starting November 2026. The bank's private banking division is led by Claudio de Sanctis and includes retail banking operations. Previously, both asset management and wealth management were under the same umbrella until 2015. DWS CEO Stefan Hoops has also been leveraging Deutsche Bank’s corporate and investment banks to grow DWS’s private markets business. Earlier this year, a partnership was established giving DWS preferred access to loans from Deutsche Bank.
Tickers: $DB
Topics: Asset Management Deutsche Bank DWS Group Private Banking