EEMEA round-up: Deutsche takes Russian fund position
Euromoney Limited, Registered in England & Wales, Company number 15236090
4 Bouverie Street, London, EC4Y 8AX
Copyright © Euromoney Limited 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

EEMEA round-up: Deutsche takes Russian fund position

Deutsche Bank is taking a 40% strategic stake in Russian fund manager UFG Invest, one of the top 10 players in the Russian asset management industry. Under the terms of the agreement between the two firms, Deutsche will have the option to increase its holding to 100%. Deutsche’s existing fund business, DWS Investments, will be combined with UFG Invest and the new entity will be branded Deutsche UFG Capital Management. "[This] transaction further strengthens our role in Russia," says Igor Lojevsky, chief executive of Deutsche Bank Russia.

Gift this article