Let's face it, says Brian Scullin, regional CEO at Deutsche Asset Management in Sydney, this is a transaction driven out of the United States.
The transaction in question Deutsche Bank's $2.5 billion acquisition of American fund manager Zurich Scudder Investments from Zurich Financial Services. The impact right now Asia-Pacific operations are not the focus of the strategists in either camp. Scudder is an investment powerhouse, with $278 billion of assets under management worldwide and about 4,000 employees. But in Asia-Pacific, Scudder has a mere 149 people. Most of them 76 are in Japan, where the firm manages $3.65 billion and advises its New York office on an additional $7.3 billion.
Nonetheless both are...
