The DekaBank is the central asset manager of the German Sparkassen. Deka as an investment company was founded in 1956. In 1999 it merged with Deutsche Girozentrale (DGZ), which was founded in 1918. With managed fund assets of about € 160 billion, more than five million customer deposits and group locations in Luxembourg

Luxembourg

Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...

 and Switzerland

Switzerland

Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....

, the DekaBank is one of the largest asset managers in Germany.