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Deutsche Bank strengthens private wealth management (Deutsche Bank erwirbt Swan Wealth Management).
(From Borsen-Zeitung)
Deutsche Bank, Germany's largest bank, is to increase its stake in Swan Wealth Management GmbH, the Frankfurt-based specialist for private wealth management, from 25.2 per cent to 100 per cent for an undisclosed price. The acquisition will strengthen the bank's market position for private wealth management.
Swan Wealth Management, which was founded in May 2001, will be integrated into Deutsche Bank's private wealth …
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