# DWS

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

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Frankfurt Am Main, Germany
- **Region:** North America
- **Address:** Frankfurt, Germany
- **Founded:** 1998
- **Assets under management:** €859 billion (per DWS annual report, 2023)
- **Website:** dws.com
- **LinkedIn:** https://www.linkedin.com/company/dws

## About

DWS is an SEC-registered investment adviser in FRANKFURT AM MAIN, registered since 1983. The firm manages $228.9 billion in assets, $219.9 billion on a discretionary basis. It has 703 employees and 80 investment advisers.

## Sectors

- Infrastructure
- Real Estate
- Private Credit
- Multi-Asset

## Offices

- Denver, United States

## People

- Stefan Hoops — CEO
- Björn Jesch — Global Chief Investment Officer

## Questions

### Who runs investment decisions at DWS?

Stefan Hoops serves as CEO, overseeing the firm's strategic direction. Björn Jesch is the Global Chief Investment Officer, responsible for the investment process across asset classes (per DWS, public record).

### Does DWS focus on direct investments or fund-of-funds?

DWS operates both a traditional fund management business and a direct alternatives platform, particularly in infrastructure, real estate, and private credit. It makes direct investments primarily in infrastructure and real estate, while also managing pooled fund vehicles for broader market exposure (per DWS, public record).

### What investment stages does DWS typically target?

DWS's alternatives platform targets core and core-plus infrastructure and real estate with long-dated, stable cash flows. Its private credit activities span direct lending to middle-market companies and structured credit (per DWS, public record).

### Which sectors does DWS explicitly avoid?

DWS does not publicly exclude any sectors outright, but its infrastructure focus has concentrated on renewables, transport, and digital infrastructure. Following the 2022 greenwashing controversy, the firm has refined its ESG screening criteria, including stricter fossil fuel exclusions within its sustainable strategies (per Reuters, 2023).

### How is DWS related to Deutsche Bank?

DWS was carved out of Deutsche Bank's asset management division and listed in 2018. Deutsche Bank retains a majority shareholding. The two entities share historical ties and distribution arrangements, but DWS operates as a separate legal entity with independent governance and reporting structures (per DWS, public record).

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

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