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DWS and Deutsche Bank have formed a strategic partnership to enhance private credit opportunities for DWS clients, granting preferred access to various private credit assets. Patrick Connors has transitioned to lead DWS's private credit division, leveraging Deutsche Bank's origination strengths to meet growing demand in the sector. DWS aims to accelerate growth in its alternatives platform, which is valued at €110bn, by combining its expertise with Deutsche Bank’s market-leading capabilities.
Houlihan Lokey and Deutsche Bank have successfully advised on the sale of Stonehill Environmental Partners, a company focused on environmentally friendly water recycling and disposal solutions for energy clients. The transaction, which closed on March 11, follows significant organic growth since Golden Gate Capital's investment in 2021, with earnings quadrupling through new and existing contracts. Stonehill's leadership, including CEO Jay Parkinson, expressed gratitude for the partnership with Golden Gate, highlighting the company's establishment as a leader in the environmental services sector.
DWS and Deutsche Bank have announced a strategic cooperation to enhance private credit origination and investment opportunities for DWS clients. This partnership will leverage Deutsche Bank's expertise in market access and financing, alongside DWS's extensive alternatives platform, to meet growing investor demand for private credit assets. Patrick Connors will transition to DWS as Global Head of Private Credit, bringing over 20 years of experience in the sector.
Deutsche Bank has partnered with DWS Group, granting the asset manager first refusal on private credit deals, including asset-based finance and direct lending. Patrick Connors will join DWS as global head of private credit, aiming to enhance the firm's growth strategy amid a competitive landscape. This collaboration reflects a trend among banks to align with asset managers to strengthen their private credit offerings.
Deutsche Bank has launched a strategic cooperation with DWS, a German asset management firm, to enhance private credit origination and investment opportunities for DWS clients. This partnership will provide DWS with privileged access to select asset-backed financing, direct loans, and other private credit assets from Deutsche Bank, leveraging its expertise in fixed-income markets alongside DWS's Alternatives platform, which manages 110 billion euros in assets as of December 31, 2024.
Deutsche Bank has appointed Patrick Connors as the global head of private credit at DWS, following a strategic cooperation agreement that grants DWS preferred access to private credit opportunities from the bank. This partnership aims to enhance DWS's private credit capabilities, leveraging Deutsche Bank's origination expertise and extensive market access to meet growing investor demand for private credit assets.
In March 2023, Credit Suisse faced a crisis that culminated in its acquisition by UBS for $3.25 billion, driven by fears of a broader financial collapse. Duncan Mavin's "Meltdown" chronicles the bank's long history of greed and mismanagement, highlighting the failures of leadership and compliance that led to its downfall. The narrative underscores how recurring scandals made the bank's collapse seem inevitable, reflecting on the challenges faced by Tidjane Thiam during his tenure as CEO.
Deutsche Bank AG has entered into a private credit partnership with DWS Group, allowing the asset manager preferred access to loans originated by the bank. This agreement will enable DWS to tap into specific asset-based finance, direct lending, and other private credit opportunities.
Deutsche Bank has launched Bizum, a popular mobile payment solution, for its corporate clients in Spain, becoming the first international bank to do so. This initiative allows both foreign multinationals and national businesses with a virtual POS service to accept Bizum payments, enhancing their e-commerce capabilities.With over 28.5 million users and approximately 3.75 billion transactions, Bizum is recognized for its speed and simplicity, enabling purchases in an average of 22 seconds. This expansion signifies Deutsche Bank's commitment to innovative payment solutions and support for evolving business models.
Julius Baer is set to open a branch in Milan by the first half of 2025, marking its entry into the onshore Italian market. Roberto Coletta, formerly of Deutsche Bank, will lead the new branch, which will operate under Bank Julius Baer Europe SA in Luxembourg. This expansion underscores the bank's commitment to serving Italian clients and enhancing its presence in Europe.
Deutsche Bank RV Global PP
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DWS and Deutsche Bank form strategic partnership to enhance private credit offerings
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