DekaBank (Germany)

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DekaBank
Type Anstalt des öffentlichen Rechts
Industry Financial services
Founded 1999 (1956)
Headquarters Frankfurt am Main, Germany
Key people Franz S. Waas (CEO and Chairman of the executive board)
Total assets €191.3 billion (2007)
Employees 3,487 (2007)
Website www.dekabank.de

The DekaBank is the central asset manager of the German Sparkassen. Deka as an investment company was founded in 1956. In 1999 it merged with Deutsche Girozentrale (DGZ), which was founded in 1918. With managed fund assets of about € 160 billion, more than five million customer deposits and group locations in Luxembourg and Switzerland, the DekaBank is one of the largest asset managers in Germany.