Deutsche Asset & Wealth Management (DeAWM) announced today that its
insurance investment business has been named Best Asset Manager 2013 by Reactions,
the financial magazine for the global insurance market. This is the
sixth consecutive year that DeAWM has won this award, and follows
DeAWM’s success in winning the Reactions award for Best UK Asset
Manager earlier this year.
The Reactions Global Awards highlight excellence in client
service, performance and innovation within the global insurance
industry. Reactions rewards the achievements of companies and
individuals, and contributes to raising standards across the industry.
The awards were announced on September 25, 2013 at a black tie ceremony
in New York.
“The seeds of success were planted many years ago, and winning the Reactions
award for six years straight is a testament to that. However, the
opportunity before us, as part of the integrated DeAWM division and with
increasing connectivity to the expertise of the entire Deutsche Bank
Group, is greater than ever,” said Bart Holl, Global Head of Insurance.
DeAWM manages $187.46 billion (as of June 30, 2013) in third-party
insurance assets, making it the largest global insurance asset manager,
according to IAM Surveys (as of December 2012). The business manages
fixed-income, equity and alternative assets for life, property &
casualty, reinsurance, and healthcare companies around the world.
According to DeAWM’s research, US insurers are outsourcing more to firms
for riskier assets, while in Europe, research company Spence Johnson
forecasts third-party investing to grow by nearly 9% by 2017 to €784
billion.
Deutsche Asset & Wealth Management
With approximately $1.2 trillion of assets under management (as at June
30, 2013), Deutsche Asset & Wealth Management is one of the world's
leading investment organizations. Deutsche Asset & Wealth Management
offers individuals and institutions traditional and alternative
investments across all major asset classes. It also provides tailored
wealth management solutions and private banking services to
high-net-worth individuals and family offices.
1 Deutsche Asset & Wealth Management is the brand name for
the Asset Management & Wealth Management-division of Deutsche Bank AG
and its subsidiaries. The responsible legal entities offering clients
products or services of Deutsche Asset & Wealth Management are listed in
the respective contracts, sales materials and other product information
documents. I-032781-1.0
This press release has been approved and/or communicated by Deutsche
Bank AG or by its subsidiaries and/ or affiliates (“DB”). Deutsche Bank
AG is authorised under German Banking Law (competent authority: BaFin –
Federal Financial Supervisory Authority) and authorised and subject to
limited regulation by the Financial Conduct Authority. Securities and
investment banking activities in the United States are performed by
Deutsche Bank Securities Inc., member NYSE, NASD and SIPC, and its
broker-dealer affiliates. Lending and other commercial banking
activities in the United States are performed by Deutsche Bank AG, and
its banking affiliates. Copyright (C) 2013 "Deutsche Bank AG"
Copyright Business Wire 2013