Deutsche Asset Management is looking to add to its equity investment fund range in the New Year, wri...
Deutsche Asset Management is looking to add to its equity investment fund range in the New Year, writes Robert Stock.
According to Neil Jones, managing director of retail at the group, Deutsche will launch a number of new products into the UK market to build its existing core range of funds.
The plan is part of Deutsche's global reorganisation and focus on expanding its asset management business after five years spent focusing on growing investment banking.
At the same time, Deutsche is looking to make changes to its intermediary sales team. The group's current structure has been broken into regions but will be altered to divide up the intermediary market by channels.
Jones said: "The past five years have been characterised by building Deutsche into one of the biggest investment banks in the world but there has been a decision to focus on building the asset management business over the next five years.
"We will be accelerating the whole product development process to broaden out the range. We have a strong range of core equity products and while there are always small additions to make, most of the development will be in more specialist areas, absolute return funds, hedge funds, perhaps even global sector funds and themed funds."
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