Deutsche Bank is set to close its doors to new UK segregated balanced investment business following its purchase of Prudential's £12bn institutional business.

The deal, which comes just weeks after Deutsche announced its takeover of Dresdner Bank, including Dresdner RCM Global Investors, is expected to lead to job losses for most Prudential employees involved in managing the 60 clients affected.

Job losses expected as Deutsche buys Pru's institutional business

Pirkko Juntunen

Mike Foster

Prudential

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