Deutsche Bank Hangs Onto RREEF

(RealShare New York comes to the Grand Hyatt, New York, NY, October 9.)

NEW YORK CITY-Following a strategic review of its asset management operations that at one point involved a possible sell-off to Guggenheim Partners, Deutsche Bank on Tuesday said it is hanging onto RREEF, the real estate and infrastructure investment management arm of Deutsche Asset Management. RREEF and other divisions—including DWS Americas, DB Advisors and Deutsche Insurance Asset Management—will be part of the newly integrated Asset & Wealth Management platform, the Frankfurt-based bank, which has US headquarters in Lower Manhattan, said in a statement. The AWM division was announced in a June 1 press statement.