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DWS Group today announces that Asoka Woehrmann has decided to resign, in agreement with the company, at the end of the Annual General Meeting on 9 June. Stefan Hoops, previously the Head of the Corporate Bank at Deutsche Bank will become its new Chief Executive Officer (CEO).
"I have always dedicated my entire energy to the benefit of DWS; most notably since returning as CEO in October 2018," Asoka Woehrmann said. "Today, after the three most successful years in its history, DWS is significantly more profitable, is stable and has continued to perform well in a difficult market environment. At the same time, the allegations made against DWS and myself in past months have become a burden for the company, as well as for my family and me. In order to protect the...
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