The German Deutsche Bank showed a breakdown of revenues for units for asset management and wealth management, which happens for the first time after last year the CEO John Cryan announced restructuring, which divide the total investment division. The revenues from asset management business rose by 16% yoy to 3.3 billion EUR in 2015, while revenue of wealth management business increased by 13% yoy to 2.1 billion EUR. Deutsche Bank shall publish the total revenues of the division in January.
Deutsche Bank seeks to attract more wealthy and institutional investors, as stricter capital rules, the turmoil of the global market and delay of emerging markets, affect negatively the incomes of securities business. The German biggest bank separated the divisions for asset management and personal wealth, to dispel any regulatory concerns that wealthy clients do not have adequate access to services offered by other investment companies.
Deutsche Bank’s asset management had an average return of 43% to shareholders last year. These are the highest results among the 4 divisions that Deutsche Bank wants to keep. However, business is the smallest in terms of revenue.
Wealth management is part of a unit that covers consumer and commercial banking, and ranks third in revenue. Businesses trading with the bank is the largest, while the corporate and investment banking – in the second.