DWS: CFO Claire Peel to leave in late Q3 2023

Claire Peel, DWS’s Chief Financial Officer, has informed DWS about her intention to resign as member of the DWS Executive Board towards the end of Q3 2023. The shareholder of DWS Management GmbH will initiate a thorough search process to appoint a new Chief Financial Officer for DWS within the next weeks. The search process will include both internal and external candidates. Claire Peel, who has been CFO since 2018, will continue in her role until her departure date and will ensure an orderly hand-over.

„With Claire Peel, we will lose an excellent CFO who is highly appreciated in the capital market,“ said Karl von Rohr, Chairman of the Supervisory Board of DWS. “She has been instrumental in supporting the company in a challenging phase since the IPO and helping to further develop our capital markets’ reputation. We wish her all the best for the future. We will initiate a proper succession process in due course in which we will consider not only internal candidates but will also screen the market for suitable external candidates.”

Stefan Hoops, CEO of DWS, added: “Claire Peel is a great leader who has had a significant impact on our company. While being our credible face to the market she has ensured that our finance organization has been able to meet the highest standards of the capital markets. But most of all, she is a great colleague, and we will sincerely miss her. We wish her all the best for the next important step in her career.”

About DWS Group

DWS Group (DWS) with EUR 841bn of assets under management (as of 31 March 2023) aspires to be one of the world's leading asset managers. Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.

We offer individuals and institutions access to our strong investment capabilities across all major liquid and illiquid asset classes as well as solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, giving strategic guidance to our investment approach.

DWS wants to innovate and shape the future of investing. We understand that, both as a corporate as well as a trusted advisor to our clients, we have a crucial role in helping navigate the transition to a more sustainable future. With approximately 4,400 employees in offices all over the world, we are local while being one global team. We are committed to acting on behalf of our clients and investing with their best interests at heart so that they can reach their financial goals, no matter what the future holds. With our entrepreneurial, collaborative spirit, we work every day to deliver outstanding investment results, in both good and challenging times to build the best foundation for our clients’ financial future.