People Moves
DWS Names New Global Chief Investment Officer
The global asset manager, with $1.124 trillion of AuM, has announced a change at the top of its investment office.
Germany-based investments house DWS has pulled together its
portfolio management, chief investment officer and economic
research units under the leadership of Vincenzo Vedda (main
picture).
Vedda, global head of portfolio management for public markets,
who continues to report to CEO Stefan Hoops, has been named
global CIO.
Bjoern Jesch (pictured below), former DWS global CIO, has left
the firm by mutual agreement, DWS said in a statement yesterday.
Johannes Mueller (pictured below), previously head of economic
and thought leadership research, will become chief economist
for DWS, reporting to Vedda.
Bjoern Jesch
Johannes Mueller
“Combining our chief investment office with our global portfolio
management unit is a logical step to make even better use of our
investment expertise for our clients,” Hoops said.
Vedda has been with DWS since 2013, initially sharing
responsibility for global equities trading before taking over as
head of DWS's global trading in 2017. After taking responsibility
for DWS's European client business (ex-Germany and Austria) and
global wholesale business in 2020, he became head of DWS's active
portfolio management business at the end of 2022,
assuming responsibility for passive portfolio management in
2023.
Jesch joined DWS in 2020 as head of multi asset and solutions,
before becoming global chief investment officer at the end of
2022. Jesch is also resigning from his role as CEO of DWS CH in
Zurich. A successor for this role will be announced shortly.
One of the world’s largest such asset managers, DWS has €963
billion ($1.124 trillion) in AuM, as of 30 September 2024.
