DWS Strengthens Fixed Income Investment Platform with the Addition of Industry Veteran, Stephen Cianci

New York, NY – February 27, 2024 – DWS today announced the hiring of Stephen (Steve) Cianci, CFA, to its U.S. fixed income team.

With more than three decades of Fixed Income multi-sector portfolio management experience, Steve will join DWS as a Senior Portfolio Manager focused on the firm’s institutional investors, including management of the insurance company general account and other complex balance sheet assets.

He will be based in the New York office and report to Shilpa Lakhani, Head of Portfolio Management Fixed Income Solutions. Ms. Lakhani remarked “Steve’s addition builds on the firm’s strong heritage of developing comprehensive solutions for insurance companies. He brings decades of investment experience and perspective, having managed through multiple cycles and challenging market conditions.” She continued, “he will add depth to the portfolio management team, and the opportunity to add an investor with his skill set will be a true value-add for our clients.”

Steve joins DWS from MacKay Shields, where he has worked since 2018. Prior to that, he was with Aberdeen for seven years, where his responsibilities included Head of US Core Plus and Opportunistic Fixed Income on the North American Fixed Income team.  Before joining Aberdeen, Steve worked as Co-Head of Core and Core Plus Fixed Income strategies, Lead Portfolio Manager for Short Duration products, and the Head of Structured Products at Logan Circle Partners. Previously, he held similar roles as a Senior Vice President and Senior Portfolio Manager at Delaware Investments.  He is an adjunct finance professor and a Business Advisory Council member at Widener University. Steve graduated with an MBA and BA from Widener University and is a CFA charter-holder.

George Catrambone, Head of Fixed Income, Americas, commented: “This addition further illustrates DWS’ commitment to Insurance Solutions growth and enhancing our core capabilities.”

About DWS’ Global Insurance Platform

DWS is among the leaders in the global insurance asset management business. We have demonstrated a commitment to the insurance market dating back to 1929 by taking a comprehensive partnership approach in developing customized investment solutions and programs for insurers. With insurance professionals located in key locations around the world, we believe this differentiates us from many competitors and provides a basis for understanding the dynamics and complexities of insurance investing. With customized insurance fixed income at the core, DWS can deliver multi-asset solutions in an insurance context by accessing an investment platform that includes active and passive equity and fixed income, alternatives, cash, and ESG strategies. The recipient of multiple awards and with more than $180 billion in insurance general account assets under management (as of December 31, 2023), we are among the largest third-party managers of insurance portfolios worldwide, according to the Insurance Investment Outsourcing Report.

About DWS Group

DWS Group (DWS) with EUR 896bn of assets under management (as of December 31, 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 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 to navigate the transition to a more sustainable future. With approximately 4,500 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.