Frankfurt/Main, June 17, 2008 — Shearman & Sterling advised Allianz Global Investors on the planned joint venture with DekaBank to combine their fund accounting and fund administration activities.

Operations of the joint venture are expected to begin on October 1, 2008. With assets under administration of more than EUR 300 billion and 340 employees, the joint venture will be the largest provider of fund accounting and fund administration services in the German market.

The following Shearman & Sterling attorneys advised Allianz Global Investors on the joint venture: partners Roger Kiem (M&A/Bank Regulatory, Frankfurt) and Hans Jürgen Meyer-Lindemann (Antitrust, Düsseldorf) as well as associates Andreas Wieland (M&A/Bank Regulatory) and Christine Koch (M&A/Corporate, both Frankfurt).

For additional information contact:
Marcus Brans | Düsseldorf | T +49.211.17888.907 | mbrans@shearman.com

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Notes to Editor
Shearman & Sterling LLP is a global law firm with approximately 900 lawyers in 19 offices in 12 countries. The firm is a leader in mergers and acquisitions, capital markets, project development and finance, complex business litigation and international arbitration, asset management and tax.