Deutsche Bank has still yet to announce a decision on the possible sale of Deutsche Asset Management in the UK. In late Feburary, Deutsche hired the UK financial consultancy Hawkpoint in a sign that it was looking to sell DeAM in the UK rather than trying to turn it around. The German bank was originally expected to decide the fate of its UK asset manager at the end of March. The business has been under review since December after losing top managers and tens of billions of euros in institutional assets. The announcement could be made in early May.
