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About our DWS news
Latest news on DWS Group, a German asset management firm whose chief executive, Asoka Wöhrmann, has resigned hours after the company’s offices in Frankfurt were raided by police over allegations of greenwashing. DWS said in a statement that Wöhrmann would step down as of 10 June 2022 and be replaced by Stefan Hoops. This executive reshuffle came shortly after about 50 German police raided the offices of DWS and Deutsche Bank in downtown Frankfurt. BaFin launched an a further investigation into DWS in 2022 into potential prospectus fraud at the asset manager, following a similar probe by the US Securities and Exchange Commission, which was prompted by allegations from former DWS executive Desiree Fixler.