GERMANY/US - Northern Trust (Northern) has bought Deutsche Bank's passive asset management business for US$260m, propelling it into the top three index managers in the US.
Deutsche has finally hived off its global passive equity, enhanced equity and passive fixed income businesses as part of a strategic overhaul first announced in May. ”After an in-depth strategic...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date