Deutsche Bank arm gets Allianz interest


FRANKFURT: Allianz SE is exploring the possibility of a combination of its asset management arm with Deutsche Bank AG’s DWS Group to create a national champion in active money management, according to people familiar with the matter.

The Munich-based insurer is looking at the feasibility of a deal with Germany’s largest lender to create a business with 1.17 trillion euros (US$1.33 trillion) under management, said the people, who asked not to be identified discussing the private matter.

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