Deutsche Bank and DWS are expanding their long-standing strategic collaboration in the area of discretionary portfolio management. The move aims to enhance investment implementation for private clients and accelerate growth in the wealth management sector.
- DWS will provide its institutional investment and execution platform to Deutsche Bank’s private banking clients.
- The collaboration is intended to support the achievement of the company’s medium-term financial ambitions.
Deutsche Bank and DWS plan to deepen their partnership by leveraging DWS’s institutional-grade investment and execution platform to support portfolio management for Deutsche Bank’s private banking clients. Deutsche Bank Private Bank will continue to be responsible for strategic asset allocation, portfolio construction, and investment strategy, guided by its Global Chief Investment Office. This combined model unites Deutsche Bank’s client-focused private banking advisory model with the scale and robustness of a leading European asset manager’s investment infrastructure.
The initiative is designed to strengthen investment implementation for high-net-worth private clients by further aligning the respective strengths of Deutsche Bank Private Bank and DWS. The decision highlights the increasing importance of streamlined investment processes for wealth management firms.
According to the companies, the fundamental characteristics of Discretionary Portfolio Management (DPM) will remain unchanged for clients. Client assets will continue to be held in individual accounts at Deutsche Bank Private Bank, with client ownership, product responsibility, and brand leadership remaining with Deutsche Bank.
“During our recent Investor Deep Dive conference, I presented our ambition to accelerate the growth of our wealth management franchise, including our commitment to doubling DPM volumes over the next three years,” said Claudio de Sanctis, a member of Deutsche Bank’s Management Board and head of Private Banking. “By partnering with DWS, we are building a scalable, institutional-level platform that enhances our discretionary capabilities and further strengthens our proven Global Hausbank approach.”
This initiative builds on the successful and long-standing cooperation between Deutsche Bank and DWS across the investment value chain and reinforces their shared ambition to further develop discretionary portfolio management as a core management solution for affluent private clients.
Stefan Hoops, CEO of DWS, added: “Unlocking the potential of a closer collaboration within the Deutsche Bank Group is a key lever for future growth. Building on our long experience serving Deutsche Bank clients with DWS products, extending our partnership in discretionary portfolio management is a concrete example of how we can create added value by leveraging our institutional investment and execution capabilities to help deliver better outcomes for Deutsche Bank’s clients.”
This strengthened collaboration underscores the shared ambition of Deutsche Bank and DWS to combine their respective strengths in the best interests of their clients. The move reflects a broader trend among financial institutions to integrate asset management and private banking services to offer more comprehensive wealth solutions.
