The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

Moreau exit shows tough road ahead for European banks’ asset management hopes

The sacking of DWS’s chief executive barely six months after its IPO shows that asset management might not be the great hope for a firm like Deutsche Bank.

Nicolas Moreau’s summary replacement as the head of Deutsche Bank’s asset management arm today is just the latest sign of pressures facing Europe’s asset managers, especially those with global ambitions.

European banks are increasingly turning to asset management to shore up their returns, as the business requires less capital than more traditional banking activities. Deutsche Bank is a case in point, with asset management core to Christian Sewing’s plan to reduce the firm’s reliance on more volatile investment banking and markets revenues, the latter being businesses where it is even harder for Europeans to compete.

DWS_Moreau, Nicolas-160x186 

Nicolas Moreau 

DWS’s IPO this March should have drawn useful attention to this valuable part of Deutsche’s franchise.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of acces below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£68.33 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree