Deutsche Bank Recognized by Reactions Magazine as Best Insurance Asset Manager for the Second Consecutive Year
NEW YORK-(Business Wire)-September 29, 2009 - Deutsche Asset Management’s insurance division has been awarded Best Asset Manager by Reactions, the financial magazine for the global insurance market. This is the second consecutive time that Deutsche Insurance Asset Management has won this award.
According to Reactions, its Global Awards highlight “top-class performance and innovation within the global insurance industry.” Winners are selected through an extensive poll designed to identify “the true leaders within the industry.” The awards were announced on Sept. 24, 2009 at a dinner in New York.
“It is very gratifying that the services we have provided to clients worldwide have been recognized in this way — especially since the past year has been exceptionally challenging for the insurance industry,” said Randy Brown, a Managing Director and Global Head of Deutsche Insurance Asset Management.
“Even though markets have stabilized to some degree, the environment remains uncertain. More than ever, insurers and reinsurers need an investment partner that fully understands their business and can work closely alongside them. The team at Deutsche Insurance Asset Management remains focused on providing expert portfolio management coupled with comprehensive client service to meet the varied needs of our global client base.”
Deutsche Insurance Asset Management has been named the world’s largest third-party manager of insurance portfolios for four years running in Insurance Asset Manager’s (IAM) annual survey. As at June 30, 2009, the business managed approximately $149 billion of assets for clients worldwide (source: Deutsche Bank). Deutsche Insurance Asset Management’s dedicated insurance investment professionals are located in North America, Europe and Asia-Pacific and invest across a full range of traditional and alternative strategies.
About Deutsche Bank
Deutsche Bank <NYSE: DB> is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,896 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
About Deutsche Asset Management
With approximately $646.07 billion in assets under management globally (as of 30 June 2009), Deutsche Bank’s Asset Management division is one of the world's leading investment management organizations, not just in size, but in quality and breadth of investment products, performance and client service. The Asset Management division provides a broad range of investment management products across the risk/return spectrum.
I-013915-1.0 (9/09)
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