Deals
Deutsche Bank’s DWS Considers Sale of Funds Platform IKS
- German bank’s asset management arm weighs options for unit
- Platform market identified as growth area just two years ago
This article is for subscribers only.
Deutsche Bank AG’s asset management arm is considering a sale of investment funds platform IKS, according to people familiar with the matter, little more than two years after identifying it as a key growth area.
DWS Group, which is majority owned by Germany’s largest bank, is weighing a disposal of part or all of the IKS business, the people said, asking not to be identified as the matter is private. It hasn’t begun a formal sale process, according to the people.