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    • Prudential adds $3 billion of assets in Deutsche Bank India deal

    August 11, 2015 by KATHERINE CHIGLINSKY

    (Bloomberg) — Prudential Financial Inc., the second- largest U.S. life insurer, agreed to buy Deutsche Bank AG’s India asset-management business.

    The unit had average assets under management of more than $3 billion in the second quarter, Newark, New Jersey-based Prudential said Friday in a statement that didn’t disclose terms.

    Prudential has been seeking to bolster its investment management business to boost fee income, adding talent from firms including Goldman Sachs Group Inc. and BlackRock Inc. Click HERE to read…

    Originally Posted at LifeHealthPro on August 7, 2015 by KATHERINE CHIGLINSKY.

    Categories: Industry Articles
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