Regulation & law · 09/11/2005Updated: 10/17/2026 · 1 min read

Deutsche Bank Trust Company Americas to Lose Qualified Professional Asset Manager Status

The Department of Labor has adopted an amendment to the 1999 PTE 99-29 exemption, which allowed Deutsche Bank Trust Company Americas to function as a qualified professional asset manager, affecting employee benefit plans that used DBTCA as a custodian.