German asset manager appoints new CEO
Asoka Woehrmann has been appointed chief executive officer of DWS Group with immediate effect. At the same time, the Supervisory Board of Deutsche Bank AG has appointed him as a permanent senior group director (“Generalbevollmächtigter“) for the asset management business.
Woehrmann will be assuming tasks previously performed by Nicolas Moreau, who will cease to be a managing director of DWS Group at the end of the year.
Woehrmann spent many years in a variety of global leadership roles at the Frankfurt-based asset manager. Up until 2015, he was responsible for the entire fund management platform up as global chief investment officer. He moved from DWS Group to Deutsche Bank’s Private & Commercial Bank (PCB) that year to head the Private Clients business in Germany.
During his time at PCB, he was part of Christian Sewing‘s and Frank Strauß’s senior leadership team responsible for transforming the private clients business as well as integrating Postbank into the bank. Woehrmann has been a member of the Supervisory Board of DWS since the partial IPO of DWS Group. His membership will cease with immediate effect.