The sale of Deutsche Bank funds business is off after Guggenheim Partners walks away from buying RREEF.

Deutsche Bank scales back plans to sell its funds business to Guggenheim Partners

Michael Cohrs has become an advisor to Northern European private equity firm EQT and EQT Partners. Cohrs was previously member of the management board at Deutsche Bank and is also a member of the Interim Financial Policy Committee (and the Court) of the Bank of England. PRESS RELEASE Michael Cohrs has agreed to become an [...]

Private equity firm Carlyle Group filed with US regulators to add 18 underwriters to the list of managers of its proposed initial public offering, writes Reuters. The company added Barclays Capital, Goldman Sachs, Morgan Stanley, Deutsche Bank, BoFA Merrill Lynch, UBS and 12 others to its underwriters for the IPO. Reuters – Private equity firm [...]

Demandware said late Wednesday that it priced its IPO at 5.5 million shares at $16 each. The company is expected to begin trading on NYSE under the ticker “DWRE.” Underwriters on the deal have the option to buy another 825,000 shares. Goldman Sachs and Deutsche Bank are joint-book runners on the deal. PRESS RELEASE Demandware, [...]

Jeffrey Bunzel is joining Deutsche Bank’s equity capital markets group as an MD and head of equity capital markets for the Americas. He will be based in New York. Bunzel will also become a member of the bank’s corporate and investment banking americas executive committee. Bunzel joins from Credit Suisse, where he most recently served [...]

Deutsche Bank, Credit Suisse and Citigroup are among the banks that will likely be added as underwriters for the Facebook IPO, two sources told Reuters.

The auction of Deutsche Bank Asset Management has apparently hit some roadblocks. But two bidders could still be in the running.

Deutsche Bank said Tuesday that it is conducting a review of its global asset management business.

This, of course, means that DB is considering selling its asset management business. A DB spokeswoman says all options are being considered for the business, including a sale or retaining some of the businesses. The review excludes DWS’ franchise in Germany, Europe and Asia. But DWS Americas is part of the review, the DB spokeswoman says.

What else is included –and could be up for grabs –are RREEF Alternatives, DB Advisors and Deutsche Insurance Asset Management.

Early stage investor Grotech Ventures has promoted Lawson DeVries to general partner. Prior to joining Grotech, Mr. DeVries was an associate in the equity research division of Deutsche Bank and an associate at financial research firm Buckingham Research Group. DeVries has a Bachelor of Arts from Harvard University and an MBA from Duke University’s Fuqua School of Business.