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August 03, 2015 9:32 PM ET

Capital Markets

Company Overview of Deutsche Insurance Asset Management

Company Overview

Deutsche Insurance Asset Management is based in New York City, New York.

Floor 9E

280 Park Avenue

New York, NY 10154

United States

Key Executives for Deutsche Insurance Asset Management

Managing Director, Global Head of Strategic Business Development, and Chairman of Global Insurance Advisory Council
Age: 64
Co-Head of Insurance Portfolio Management
Co-Head of Insurance Portfolio Management
Portfolio Manager and Director
Compensation as of Fiscal Year 2015.

Deutsche Insurance Asset Management Key Developments

State Street Reportedly Walks Away From Sale Of Deutsche Asset & Wealth Management

State Street Corporation (NYSE:STT) has walked away from the sale of Deutsche Asset & Wealth Management which could be critical for Macquarie Group Limited (ASX:MQG), reported Australian Financial Review citing reports. The deadline for offers is thought to be this week, leaving little time and room for Deutsche Bank AG (DB:DBK) to strengthen its hand in the negotiations. According to The Financial Times, State Street is now out of the running for the assets, which include DB Advisors, LLC, RREEF America L.L.C. and Deutsche Insurance Asset Management. The newspaper is also reporting that Ameriprise Financial, Inc. (NYSE:AMP) is balking at the price tag and will be the next bidder to disappear. The Deutsche Bank is understood to be seeking offers of around $2 billion, but The Financial Times thinks bids in the realm of $1.2 billion are more realistic. Now that State Street and JPMorgan Chase & Co. (NYSE:JPM) have reportedly dropped out of the race, Macquarie Group and Guggenheim Partners, LLC are understood to be battling it out for the entirety of the Deutsche asset management assets on offer. However, Guggenheim, which manages more than $125 billion in assets, may not be capable of swallowing the acquisition on its own. Opinions differ on whether it will need to bring in a partner or can seal the deal alone. Other players thought to be bidding for the assets include Power Corporation of Canada (TSX:POW) and Apax Partners LLP. It is understood there are other parties interested in acquiring pieces of the Deutsche business rather than the whole operation. Macquarie Group was not available for comment.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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