entire - Deutsche Bank Annual Report 2012

Deutsche Bank 02 – Consolidated Financial Statements 218
Financial Report 2010 Notes to the Consolidated Financial Statements
05 – Business Segments and Related Information
— On March 15, 2010, the Group acquired the Sal. Oppenheim Group, which was included in the Corporate
Division AWM, with the exception of its BHF-BANK operations, which were included in the Group Division CI.
In the second quarter 2010, the BHF-BANK operations were transferred to the Business Division PWM
within the Corporate Division AWM. This change is reflected in the presentation of the year ended
December 31, 2010.
— In November 2009, the Group completed the acquisition of Dresdner Bank’s Global Agency Securities
Lending business from Commerzbank AG. The business is included in the Corporate Division GTB.
— On February 25, 2009, the Group completed the acquisition of a minority stake in Deutsche Postbank AG,
one of Germany’s major financial services providers. As of that date, the Group also entered into a
mandatorily-exchangeable bond as well as options to increase its stake in the future. All components of the
transaction were included in the Group Division CI until the first-time consolidation of Postbank on
December 3, 2010.
— In December 2008, RREEF Alternative Investments acquired a significant noncontrolling interests in Rosen
Real Estate Securities LLC (RRES), a long/short real estate investment advisor. The investment is included
in the Corporate Division AWM.
— In November 2008, the Group acquired a 40 % stake in UFG Invest, the Russian investment management
company of UFG Asset Management, with an option to become a 100 % owner in the future. The business
is branded Deutsche UFG Capital Management. The investment is included in the corporate division AWM.
— In October 2008, the Group completed the acquisition of the operating platform of Pago eTransaction GmbH
into the Deutsche Card Services GmbH, based in Germany. The investment is included in the Corporate
Division GTB.
— In June 2008, the Group consolidated Maher Terminals LLC and Maher Terminals of Canada Corp, collectively
and hereafter referred to as Maher Terminals, a privately held operator of port terminal facilities in North
America. RREEF Infrastructure acquired all third party investors’ interests in the North America Infrastructure
Fund, whose sole underlying investment was Maher Terminals. The investment is included in the Group
Division CI since the first quarter of 2009.
— In June 2008, the Group sold DWS Investments Schweiz AG, comprising the Swiss fund administration
business of the Corporate Division AWM, to State Street Bank.
— Effective June 2008, the Group sold its Italian life insurance company DWS Vita S.p.A. to Zurich Financial
Services Group. The business was included in the corporate division AWM.
— Effective March 2008, the Group completed the acquisition of a 60 % interest in Far Eastern Alliance Asset
Management Co. Limited, a Taiwanese investment management firm. The investment is included in the
Corporate Division AWM.
— In February 2008, the 50 % interest in the management company of the Australia based DEXUS Property
Group was sold by RREEF Alternative Investments to DEXUS’ unitholders. The investment was included in
the Corporate Division AWM.
— In January 2008, the Group acquired HedgeWorks LLC, a hedge fund administrator based in the United
States. The investment is included in the Corporate Division GTB.
— In January 2008, the Group increased its stake in Harvest Fund Management Company Limited to 30 %.
Harvest is a mutual fund manager in China. The investment is included in the Corporate Division AWM.