# DWS International GmbH

DWS International GmbH is an Asset Manager based in Frankfurt Am Main, Germany.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Frankfurt Am Main, Germany
- **Region:** Europe
- **Address:** Mainzer Landstraße 11-17, 60329 Frankfurt am Main, Germany
- **Founded:** 1956
- **Assets under management:** €859B (per DWS Group, 2026)
- **Website:** dws.com
- **LinkedIn:** https://www.linkedin.com/company/dws-international-gmbh

## Regulatory record

- **CRD number:** 105075
- **SEC file number:** 801-20289
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/105075

## About

DWS International GmbH is an SEC-registered investment adviser in Frankfurt am Main, registered since 1983. The firm manages $228.9 billion in assets, with $219.9 billion on a discretionary basis. It has 703 employees and 80 investment advisers.

## Sectors

- Asset Management
- ETF & Passive
- Active Management
- Infrastructure
- Real Estate
- Private Equity
- Private Credit
- Sustainable Investing

## Offices

- London
- New York
- Hong Kong
- Singapore
- Tokyo
- Sydney

## People

- Stefan Hoops — Chief Executive Officer
- Inez Gwenzi — Chief Investment Officer
- Claire Peel — Chief Operating Officer

## Questions

### Who runs investment decisions at DWS International GmbH?

Stefan Hoops serves as CEO and oversees the overall investment strategy. Iken Gwanz takes the Chief Investment Officer role, responsible for the active investing team and portfolio construction. Claire Peel is Chief Operating Officer, managing operational functions. The alternatives platform reports separately under a dedicated leadership team.

### How does DWS source proprietary deal flow in alternative assets?

DWS draws on a global network of real estate and infrastructure sponsors, primary market relationships developed over decades as a European anchor investor, and its own origination team in private credit and private equity. The firm's scale — €203B in alternatives — gives it direct access to institutional partnership opportunities rather than relying solely on fund-of-funds intermediaries.

### What investment stages does DWS typically target in private markets?

DWS targets a broad range of stages in its alternative strategies: core and core-plus real estate, greenfield and brownfield infrastructure, direct lending and private credit across middle market and large corporate segments, and private equity buyouts and venture capital. The firm's alternatives book spans both growth-stage and mature assets.

### What sectors does DWS explicitly avoid in its sustainable investing framework?

Under its ESG integration policy, DWS excludes direct investment in coal mining, oil sands, controversial weapons, and tobacco. The firm also applies additional exclusion criteria on certain sovereign bonds based on governance and human rights scores, as outlined in its sustainability report.

### How is DWS related to Deutsche Bank and any spinouts?

DWS was formed from Deutsche Bank's asset management division and was spun out as a separate legal entity in 2018 via an IPO. Deutsche Bank retains a 78% stake. The separation allows DWS to operate with its own board, strategy, and balance sheet, while still benefiting from Deutsche Bank's distribution and client relationships.

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- [First Financial Advisory Services](https://altss.com/profile/first-financial-advisory-services-inc)
- [Van Eck Associates](https://altss.com/profile/van-eck-associates-corp)

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Last updated: 2026-06-03T20:00:00.000Z

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