Deutsche Bank is open to a merger of its asset management division with that of a rival. According to CEO Christian Sewing, the company wants to participate with its subsidiary DWS in the consolidation process in the field of asset management. DWS will continue to be part of Deutsche’s core strategy, says Sewing.

Rumors about a possible merger of DWS with other asset managers have been circulating for some time. UBS and Amundi and Allianz, among others, were identified as potential merger candidates. Sewing did not want to comment on any candidates and developments that are going on.

The merger speculation has in recent weeks ensured that the DWS share gained considerable value. In general, DWS is charged a price tag of around € 6.5 billion. The unit received its own stock exchange listing in 2018. Deutsche Bank, however, still holds nearly 78 percent of the shares.

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