April 23, 2014 7:24 PM ET

Capital Markets

Company Overview of DB Advisors, LLC

Company Overview

DB Advisors, LLC offers investment advisory services and is based in New York City. DB Advisors operates as a subsidiary of Deutsche Bank AG.

31 West 52nd Street

New York, NY 10019

United States

Phone:

212-753-1316

Key Executives for DB Advisors, LLC

Head of Americas
Director and Senior Product Specialist for Quantitative Strategies
Compensation as of Fiscal Year 2013.

DB Advisors, LLC Key Developments

State Street Reportedly Walks Away From Sale Of Deutsche Asset & Wealth Management

State Street Corporation (NYSE:STT) has walked away from the sale of Deutsche Asset & Wealth Management which could be critical for Macquarie Group Limited (ASX:MQG), reported Australian Financial Review citing reports. The deadline for offers is thought to be this week, leaving little time and room for Deutsche Bank AG (DB:DBK) to strengthen its hand in the negotiations. According to The Financial Times, State Street is now out of the running for the assets, which include DB Advisors, LLC, RREEF America L.L.C. and Deutsche Insurance Asset Management. The newspaper is also reporting that Ameriprise Financial, Inc. (NYSE:AMP) is balking at the price tag and will be the next bidder to disappear. The Deutsche Bank is understood to be seeking offers of around $2 billion, but The Financial Times thinks bids in the realm of $1.2 billion are more realistic. Now that State Street and JPMorgan Chase & Co. (NYSE:JPM) have reportedly dropped out of the race, Macquarie Group and Guggenheim Partners, LLC are understood to be battling it out for the entirety of the Deutsche asset management assets on offer. However, Guggenheim, which manages more than $125 billion in assets, may not be capable of swallowing the acquisition on its own. Opinions differ on whether it will need to bring in a partner or can seal the deal alone. Other players thought to be bidding for the assets include Power Corporation of Canada (TSX:POW) and Apax Partners LLP. It is understood there are other parties interested in acquiring pieces of the Deutsche business rather than the whole operation. Macquarie Group was not available for comment.

Guggenheim Partners Ends Talks To Acquire Deutsche Bank Business

Guggenheim Partners, LLC ended talks with Deutsche Bank AG on a potential sale of DB Advisors, LLC, DB Advisors and Deutsche Insurance Asset Management and focus talks on RREEF America L.L.C.

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