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Deutsche Bank may sell RREEF real estate business

Deutsche Bank is currently considering a reshuffle of its asset management business, including a possible sale of the RREEF real estate arm. The bank said regulatory hurdles have increased and competition in asset management has become stiffer. Therefore, all strategic option shall be explored to restructure the whole business area. Only the DWS investment fund business in Europe and Asia as well as the Private Wealth Management segment will definitely be kept inside the group. All other businesses within the asset management area will be tested for a potential disposal. This includes the US investment fund business (about 40 billion Euros in assets under management), the RREEF real estate activities (46 billion), Deutsche Insurance Asset M[…]