Asoka Woehrmann to resign, Stefan Hoops appointed new CEO

DWS Group today announces that Asoka Woehrmann has decided to resign, in agreement with the company, at the end of the Annual General Meeting on 9 June. 

Stefan Hoops joined Deutsche Bank in Fixed Income Sales in 2003. He moved to Credit Trading in New York in 2008, and took on various leadership roles within Global Markets in the United States and Germany in the following years, including Global Head of Institutional Sales.

In October 2018 he was named Head of Global Transaction Banking. Since July 2019, Stefan heads DB’s Corporate Bank, which encompasses all of DB’s corporate and commercial client activities. Hoops holds a Masters degree in Business Administration and a PhD in Economics from the University of Bayreuth. His appointment as CEO of DWS on 10 June 2022 is subject to regulatory approval.