Deutsche Bank, headquartered in Frankfurt, Tuesday announced a partnership with seven other investment companies. The companies are: ACM, Fidelity, Franklin Templeton, Merrill Lynch, Morgan Stanley, Schroders and UBS. Deutsche Bank has been selling Invesco funds since last year.
Rainer Neske, global head of Deutsche Banks private and business clients unit, stated, "This new offering constitutes another expansion of our core advisory competence, underscoring our commitment to further improve the financial concepts offered to our private business clients."
The company also said in a statement this expanded fund lineup "will significantly increase its ability to offer holistic and independent funds advisory."
According to the bank, further selected partnerships are slated.
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