Deutsche Bank’s investment arm, DWS Group, has agreed to acquire a 40% stake in a unit of Nippon Life India Asset Management, aiming to establish a franchise in alternate investment funds as part of its broader expansion strategy in Asia.
Under the agreement, DWS will hold up to 40% of the entity, while Nippon Life India will retain the remaining share. The companies confirmed that the transaction is subject to regulatory approval but did not disclose financial details.
DWS ranks among Europe’s largest fund managers. Nippon Life India Asset Management is majority-owned by Nippon Life, Japan’s largest insurer, which has been actively pursuing international acquisitions.
The two firms stated that they will also collaborate in other areas, including passive investment products and global distribution. The announcement follows earlier reports in May that DWS had been in discussions to form a joint venture in India with Nippon Life.
Kaushik Shaparia, Chief Executive Officer for India and Emerging Asia at Deutsche Bank, commented:
Nippon Life India Asset Management financial performance
Nippon Life India Asset Management reported a decline in net profit of 4.29% in the quarter ending September 2025, falling to USD 38.87 million compared with USD 40.61 million in the same quarter of 2024.
Sales, however, rose 15.20% year-on-year, reaching USD 74.22 million in September 2025, up from USD 64.43 million in September 2024.
