DB - Deutsche Bank's DWS starts scanning for a big deal if Sewing gives go-ahead

Deutsche Bank's ([[DB]] +1.1%) asset management arm is considering major acquisitions on the expectation that it can get DB CEO Christian Sewing's approval for such deals.Asoka Woehrmann, who heads Deutsche's DWS Group, is on the lookout for both large-scale transactions and bolt-on deals, Bloomberg reports, citing people with knowledge of the matter.He expects that Sewing, who had previously avoided diluting Deutsche Bank's stake, will now allow DWS to sell new equity to finance the right deal, they said.The recent boom in investment banking, that helped drive Q4 2020 earnings growth, is giving Sewing confidence that DB will achieve its 2022 profitability target. That may make him more comfortable ceding some control to division heads instead of the tight reins he has maintained while executing on his cost-cutting and company-wide transformation plan.Sewing has said he wants DWS to become a top 10 global asset manager. While large vs. DB's European peers,

For further details see:

Deutsche Bank's DWS starts scanning for a big deal if Sewing gives go-ahead