Deutsche Bank to Shut Commercial Real Estate Adviser Group

Deutsche Bank AG, Germany’s largest lender, is dismantling a group that advises companies on commercial real estate transactions, according to people with knowledge of the matter.

Warren Friend, a managing director who ran the New York- based division, may be leaving the bank, said the people, who declined to be identified because the move hasn’t been announced. The bank is seeking to find positions for affected employees, including Friend, one of the people said.

Read more here > http://www.bloomberg.com/news/2010-07-28/deutsche-bank-said-to-dismantle-commercial-real-estate-group-after-losses.html