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DWS chief resigns in wake of greenwashing raid

DWS chief executive Asoka Woehrmann has resigned less than 24 hours following a raid on the business by German police and regulator BaFin.

Deutsche Bank asset management head resigns amid greenwashing probe

Deutsche Bank asset management head resigns amid greenwashing probe
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Deutsche Bank s top asset manager quits after greenwashing probe

Police raided Deutsche Bank’s asset management unit DWS as part of an investigation into alleged greenwashing.

Deutsche replaces DWS CEO after greenwashing

Deutsche Bank AG’s embattled DWS Group CEO Asoka Woehrmann resigned hours after a police raid at the asset manager, the culmination of months of controversy surrounding the executive. Stefan Hoops, head of the German lender’s corporate bank, is to assume the top role at DWS from Friday next week, while his previous role is to be assumed by David Lynne, who leads the corporate bank for Asia-Pacific based in Singapore, Deutsche Bank said in a statement yesterday. The departure of a former close ally of Deutsche Bank CEO Christian Sewing underscores the rising pressure since former DWS chief sustainability officer Desiree Fixler’s

Deutsche Bank Builds Global EM FX Trading Engine in Singapore

Apr 19 2021, 9:40 AM April 19 2021, 3:07 AM April 19 2021, 9:40 AM (Bloomberg) Deutsche Bank AG is replacing its global pricing engine for emerging-market currencies in London with one in Singapore, drawn by surging trading in Asia and the increasing importance of the Chinese yuan. (Bloomberg) Deutsche Bank AG is replacing its global pricing engine for emerging-market currencies in London with one in Singapore, drawn by surging trading in Asia and the increasing importance of the Chinese yuan. Locating new and more powerful computer hardware in the city-state will help the bank shave vital fractions of seconds from the time it takes to execute orders in the region, according to Singapore-based David Lynne, the chief of fixed income and currency operations in Asia region.

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