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Deutsche Bank Enters Exclusive Negotiations with Guggenheim Partners

Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) announced today that it is in exclusive negotiations with Guggenheim Partners on the sale of its Asset Management businesses that are subject to a previously-announced strategic review. The businesses include DWS Americas, the Americas mutual fund business; DB Advisors, the global institutional asset management business; Deutsche Insurance Asset Management, the global insurance asset management business; and RREEF, the global alternative asset management business.

Guggenheim Partners is a diversified financial services firm with significant expertise in institutional asset management serving the insurance and pension sectors, as well as in intermediary-focused investments through a broad range of mutual fund solutions.

The exclusive negotiations follow Deutsche Bank’s announcement on November 22, 2011, that it would conduct a strategic review of its Asset Management division globally except for the DWS franchise in Germany, Europe and Asia, which the Bank had already determined to be a core part of its retail offering in those markets.