The move completes the transition initiated in August 2025 when he joined the executive board as chief investment officer.

DWS has announced that its chief investment officer Vincenzo (Enzo) Vedda (pictured) will be responsible for the entire investment division, with effect from 1 May 2026. This also includes responsibility for the illiquid assets business, which was previously headed by DWS CEO Stefan Hoops.

The move completes the transition initiated in August 2025 when Vedda joined the executive board as chief investment officer with responsibility for the liquid assets business, and assumed joint leadership of the investment division. With this change, DWS said it is placing overall responsibility for the investment division with one member of the executive board.

“Under his leadership, our investment division has become more disciplined, more transparent, and more performance oriented – delivering even better outcomes for our clients,” Oliver Behrens, chairman of the DWS supervisory board, said.

Under the change, the illiquid asset class heads will report directly to Vedda and will become part of his leadership team, the firm said in a statement.

Deutsche Bank’s supervisory board also recently appointed Hoops as a member of Deutsche Bank's management board, effective 1 May, subject to regulatory approvals.

DWS Group – a European asset manager with global reach – has €1,085 billion ($1,270 billion) of total assets under management.