Deutsche Bank is conducting a strategic review of its £443bn global asset management group which could lead to the sale of RREEF.
The bank said yesterday that the review of the division is due to regulatory changes and associated costs, and will focus on how changes in the competitive landscape are affecting the business and its growth prospects.
The bank, which is Germany’s biggest lender, said the review will cover its RREEF investor managers, DB Advisors, DWS Americas and Deutsche Insurance Asset Management subsidiaries.
Its core DWS Investment global mutual-fund businesses in Europe and Asia will not be included.
RREEF manages £35.8bn in real estate investments globally, and employs around 600 staff around the world servicing more than 800 institutional clients.
bridget.oconnell@estatesgazette.com
