Deutsche Bank Alex. Brown is an investment company that provides advisory, investment, and brokerage services to wealthy investors, and cash management, consulting and prime brokerage services to institutional clients. The company, which is part of the private wealth-management division of Deutsche Bank, also administers employee stock and stock-option purchase plans. It has more than 15 offices in the U.S.
Deutsche Bank Alex. Brown has advised some of the biggest names in corporate America, including Microsoft, Starbucks, United Healthcare, and Oracle Systems.
Alex. Brown was acquired by Deutsche Bank in 1999. The company claims that it underwrote the first initial public offering in American history, of the Baltimore Water Co. in 1808.
Deutsche Bank Alex. Brown’s client base is known to be quite sophisticated and the company prefers to recruit those with advanced degrees from top universities with solid experience in financial services. It recruits relationship managers to develop and manage relationships with clients, helping them build, protect and grow their financial assets. The company also hires investment and product specialists to create new investment strategies.