Deutsche Bank Revamps Infrastructure Unit

Deutsche Bank is restructuring and expanding its Infrastructure Investments business, a unit in the bank's Deutsche Asset Management division."Previously an Australian-based operation, Infrastructure Investments will become a New York-based global business with an additional hub in London, while the Australian hub will be expanded to cover the whole of the Asia Pacific region," Deutsche Bank said. Deutsche Bank said it plans to call the business RREEF Infrastructure Investments and position it within RREEF/DB Real Estate, the real estate investment management group of Deutsche Asset Management. Shaun Mays, previously DeAM's head of Australia, has been appointed global head of RREEF Infrastructure Investments, while Felicity Gates, who was instrumental in building the infrastructure franchise in Australia, has been named chief investment officer. Both will relocate to New York, according to Deutsche Bank.