DWS chief exits amid greenwashing allegations
Announcement comes a day after the asset manager was raided by German police and financial watchdog
Announcement comes a day after the asset manager was raided by German police and financial watchdog
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Alexis Pateras is the third hire from UBS in the past six months
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Roberto Rosati had previously headed up equity sales
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Bank has recently hired UK wealth management staff from Coutts and Credit Suisse
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Populists could hamper policymaking and confidence in the euro
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First Group has rebuffed an undisclosed offer from Apollo Global Management, claiming it “fundamentally undervalues” the business.
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Deutsche Bank has replaced British boss John Cryan with Christian Sewing, who it said will usher in a “new era” for the battered bank.
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Deutsche Bank has set a price of €7.2bn on its asset management arm, DWS, as it details the price per share for its partial listing on the subsidiary.
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Deutsche Bank has confirmed plans to list its asset management division DWS for €2bn on the Frankfurt Stock Exchange.
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The Volatility Index (Vix) has risen to its highest level since August, following a frenetic overnight sell-off in the bond and stock markets.
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JP Morgan Asset Management (JPMAM) has expanded its ETF team with three hires.
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The US Department of Justice is suing the British bank and two of its executives for deliberately selling “defective and misrepresented” mortgage loans during the peak of the housing bubble.
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