DWS woes put spotlight on the limits of its independence

Financial Times LogoFinancial Times1 mo ago

DWS woes put spotlight on the limits of its independence

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In 2019, a mulled merger of DWS and the asset management arm of UBS fell apart partly because Deutsche was keen to keep control in the asset manager, according to people familiar with the discussions.

That has left Deutsche open to scrutiny on the lender’s enduring influence over its subsidiary and whether the structure it chose for the listing befits what is meant to be a champion of shareholders’ rights in Europe.

It is the “general partner” in the KGaA — Deutsche Bank in the DWS case — that can call the shots.

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Article Details

Author / Journalist: Olaf Storbeck

Category: MarketsFinanceInvesting

Topics: Executive Asset Bank Management Structure Deutsche Chief Corporate Hoops Kgaa

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-29, 04:00:59

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 5 minutes read

Article Length: 845 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 19626

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