FRANKFURT (Reuters) - Deutsche Bank can achieve and possibly even exceed its target of generating 1.7 billion euros ($2.25 billion) in pretax profit from its asset and wealth management division by 2015, the unit's chief Michele Faissola said on Monday. "I am getting more and more confident that we can achieve this but maybe even exceed this," Faissola told a conference in Frankfurt to discuss progress one year after the unit was created by integrating Deutsche Bank's asset and wealth management units.

By Jed Horowitz NEW YORK (Reuters) - Greg Fleming has taken his foot off the brake and put it on the gas pedal as he pushes to generate more profit from Morgan Stanley's army of brokers. Fleming, who runs wealth management and asset management at the world's biggest brokerage firm as measured by its more than 16,000 brokers, said the days of creating respectable profit margins through strenuous cost-cutting are over.

Japan's Daiwa Institute of Research signed a memorandum of understanding with the Central Bank of Myanmar on Friday to help implement the bank's information technology systems, a press release issued by Daiwa said. Under the MoU, signed in the capital Naypyitaw, Daiwa will help the central bank with computing and construction of IT systems, it said, adding that it will take a step toward the introduction of IT to the whole of Myanmar's financial industry.

National Bank (TSX:NA) says it's interested in new acquisitions but will be very selective about which sectors it looks to. "Wealth management does remain a priority for us," said president and chief executive Louis Vachon during a conference call Friday. "Should the right fit from a cultural and strategic standpoint come along, we would be interested." The bank recently finished integrating two other wealth management acquisitions, Wellington West Holdings Inc. and HSBC Securities full-service investment advisory business, into its operations.