Learning from the ghosts of investments past

Gosling's Grouse

It must have come as no big surprise to anyone, especially the management, when Deutsche Bank decide...

It must have come as no big surprise to anyone, especially the management, when Deutsche Bank decided to flog DWS Investments in London along with its institutional asset management business this year. It effectively brought to a close the long and slow death of the old Morgan Grenfell business, which started with revelations about Peter Young. Such situations have masked the often indifferent treatment by Deutsche Bank of what could, and should, have been a jewel in the crown. Morgan Grenfell developed a great reputation under the astute leadership of Graham Kane (now of UBS), became a...