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Mid-year results show DeAWM some way off 2015 targets

Deutsche Asset & Wealth Management (DeAWM) may have turned a profit for the second quarter of 2013, posting €82 million (US$109 million) in income before tax, but its goal of raising the segment’s pre-tax income to €1.7 billion (US$2.3 billion) by 2015 remains some way off. Earlier in the year, Deutsche Bank outlined DeAWM’s strategy for the Asian region, which…

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