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Deutsche Bank picks asset-management IPO bookrunners -source

From Reuters - November 11, 2017

FRANKFURT, Nov 11 (Reuters) - Deutsche Bank has selected Barclays, Citigroup and Credit Suisse as senior bookrunners for the initial public offering (IPO) of its asset-management arm, a source familiar with the matter told Reuters on Saturday.

A spokesman for Deutsche Asset Management declined to comment on the selection of bookrunners, which was first reported on Friday by Bloomberg.

Deutsche Bank, which will be the main bookrunner, said in March it planned to list the asset management arm, which could achieve a total valuation of around 8 billion euros ($9 billion), within two years as part of an overhaul following costly lawsuits and trading scandals.

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