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
Alexis Pateras is the third hire from UBS in the past six months
Roberto Rosati had previously headed up equity sales
Bank has recently hired UK wealth management staff from Coutts and Credit Suisse
Populists could hamper policymaking and confidence in the euro
First Group has rebuffed an undisclosed offer from Apollo Global Management, claiming it “fundamentally undervalues” the business.
Deutsche Bank has replaced British boss John Cryan with Christian Sewing, who it said will usher in a “new era” for the battered bank.
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.
Deutsche Bank has confirmed plans to list its asset management division DWS for €2bn on the Frankfurt Stock Exchange.
The Volatility Index (Vix) has risen to its highest level since August, following a frenetic overnight sell-off in the bond and stock markets.
JP Morgan Asset Management (JPMAM) has expanded its ETF team with three hires.
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.