Deutsche Bank forms alliance with Korean fund administrator

Deutsche Bank has teamed up with a leading Korean fund administrator this week, forming the first major alliance to position itself for the largest mutual fund market in Asia ex-Japan.The German bank and A Brain have signed a three-year partnership agreement to jointly market their fund administration and custodian services to Korea's asset management companies (AMCs). No profit or cost-sharing agreements have been reached between the companies. But Jay Kim, A Brain managing director,…