Deutsche Bank Board Adds DWS CEO to Management Board
Deutsche Bank’s Supervisory Board has resolved to appoint Stefan Hoops, the CEO of DWS, as a member of Deutsche Bank’s Management Board, starting May 1.
Hoops will remain the CEO of DWS and will also assume responsibility for the Asset Management division on the Deutsche Bank Management Board. DWS continues to function as a distinct publicly traded legal entity, maintaining its own strategy, leadership, and governance.
For DWS, Hoops' appointment as a Deutsche Bank Management Board member presents a chance to improve its representation in the decision-making processes of its largest shareholder. It highlights the significance of asset management in the bank's targeted growth strategy to expand the Global Hausbank in the upcoming years.
As presented during Deutsche Bank's investor day in November 2025 and at DWS's results briefing in January 2026, both entities aim to utilize the Group's strengths to enhance profitable, focused growth prospects.
Hoops’ integrated role is anticipated to improve DWS and the Group's capacity to seize these opportunities in a dynamic environment, such as being a top provider of pension solutions as Germany alters its retirement system and by establishing the company as the “Gateway to Europe” for global investors.
“We are pleased with the selection of Stefan Hoops for the Deutsche Bank Management Board,” states Oliver Behrens, Chairman of the DWS Supervisory Board. “It strongly indicates the significance of DWS for Deutsche Bank’s growth strategy. Simultaneously, it showcases DWS’ strategic growth opportunities and acknowledges the outstanding contributions that Stefan and his team have provided in recent years. We anticipate his ongoing involvement with our company and extend our best wishes for his new responsibilities.”
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James von Moltke, President of Deutsche Bank and now overseeing Asset Management, states: “The solid leadership group at DWS, backed by its Supervisory Board, has made considerable progress to prepare the company for profitable expansion."
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"I possess great trust in Stefan’s capacity to persist in implementing DWS’ strategy to generate value for all shareholders while ensuring the optimization of the Group’s resources for clients and all stakeholders. It has been a privilege and an honor to collaborate with an exceptional team at DWS as a segment representative on the Management Board during the last three years,” James adds.
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In collaboration with the Executive Board of DWS, Hoops will maintain focus on implementing the company’s growth strategy and stay dedicated to achieving its ambitious mid-term financial goals of 10-15percent yearly growth in Earnings per Share and a Cost/Income Ratio of under 55percent by 2027.