Restructured RREEF to go more local

With local management now in place for its four key Asia-Pacific markets, the alternative-investments arm of Deutsche Asset Management plans to tap the pool of client assets spread across Australia, China, Japan and South Korea. RREEF has spent the past 12-18 months ‘re-engineering’ itself in the words of Deutsche Bank chairman Josef Ackermann. In a speech in early 2009, he said the asset-management business would be recalibrated, with adjustments needed to RREEF’s strategies for real…