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Deutsche Asset Management history
Deutsche Asset Management company history timeline
1957: The three joint-stock banks are merged to form a single Deutsche Bank AG, based in Frankfurt.
1972: The bank helps found the European Asian Bank (Eurasbank).
In 1979, the bank held seats on the supervisory boards of about 140 companies, among them Daimler-Benz, Volkswagen, Siemens, AEG, Thyssen, Bayer, Nixdorf, Allianz, and Philipp Holzmann.
In 1980 Deutsche Bank was the only one of the West German Big Three banks to turn a healthy profit.
Wilhelm Christians and Alfred Herrhausen became Deutsche Bank's new cospokesmen in 1985.
1986: Banca d'America e d'Italia S.p.A. is acquired.
When Christians retired in early 1988, Herrhausen was appointed sole spokesman for the bank.
1990: German reunification leads Deutsche Bank to quickly reestablish itself in Eastern Germany.
First the bank suffered huge losses from loans of DM 1.2 billion it had made to a property group run by Jurgen Schneider, which collapsed in early 1994.
Kopper provoked additional controversy and public resentment when he called bills amounting to $33 million that the Schneider property group owed to construction workers 'peanuts.' Early in 1995 the former head of MG sued Deutsche Bank over who was responsible for MG's downfall.
During 1997 Deutsche Bank sold its 48-branch operation in Argentina to BankBoston Corporation for about $255 million.
Brown & Sons in 1997 and had subsequently renamed the unit BT Alex.
In November 1998 the company announced that it would acquire Bankers Trust Corp., a New York firm that specialized in underwriting securities for smaller companies and emerging markets.
On the other hand, the company was being bogged down by its inefficient retail banking operations, which accounted for only 5 percent of operating earnings in 1999.
1999: United States investment bank Bankers Trust Corp. is acquired; the retail banking network is merged with Bank 24 to form Deutsche Bank 24.
2001: Operations are reorganized into two units: the Corporate and Investment Bank Group and the Private Clients and Asset Management Group.
In 2009, DWS took control over Rosenberg Real Estate Equity Funds (RREEF) which was also owned by Deutsche Bank.
In 2017, Deutsche Asset Management was rebranded to DWS with Deutsche Bank planning to publicly list a minority stake of it.
In 2018, DWS was spun off as a separate company through an initial public offering on the Frankfurt Stock Exchange.
A DWS annual report in 2020 claimed that half of the company's assets ran through environmental, social and corporate governance (ESG) criteria.
In 2021, The Wall Street Journal reported that the United States Department of Justice and United States Securities and Exchange Commission were investigating DWS' claims of sustainable investing.
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Deutsche Asset Management competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| J.P. Morgan | 1985 | $2.0B | 6,000 | - |
| BMO Capital Markets | 1988 | $2.9B | 174 | 881 |
| Neuberger Berman | 1939 | $2.8B | 2,000 | 189 |
| AllianceBernstein | 1967 | $4.1B | 3,450 | 129 |
| PPM America | 1990 | $141.0M | 350 | 6 |
| Natwest Group Holdings Corporation | 1996 | $54.0M | 59,200 | 10 |
| Nuveen Investments | 1898 | $431.3M | 1,200 | 114 |
| Daiwa Capital Markets America Holdings Inc. | 1990 | $56.0M | 575 | 9 |
| KBI Global Investors | 1980 | $3.4M | 59 | - |
| Credit Agricole CIB | 2012 | $53.0B | 160,000 | 95 |
Deutsche Asset Management history FAQs
Zippia gives an in-depth look into the details of Deutsche Asset Management, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Deutsche Asset Management. The employee data is based on information from people who have self-reported their past or current employments at Deutsche Asset Management. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Deutsche Asset Management. The data presented on this page does not represent the view of Deutsche Asset Management and its employees or that of Zippia.
Deutsche Asset Management may also be known as or be related to DWS Group and Deutsche Asset Management.