DWS Group has said that it will bring together its portfolio management, chief investment office and economic research units under the leadership of Vincenzo Vedda.
As part of this change, Vedda (pictured), who is currently global head of portfolio management – public markets and is responsible for the group’s entire liquid portfolio management, will also assume the role of global chief investment officer (CIO).
He will continue to report to CEO Stefan Hoops.
Bjoern Jesch, former global CIO of DWS, has decided to leave the company by mutual agreement. Johannes Mueller, previously head of economic and thought leadership research, will become chief economist of the group. He will report to Vincenzo Vedda.
“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,” said Hoops, who is also responsible for the Investment Division on the Executive Board level.
“In Vincenzo, an experienced capital market expert is taking on this task. As well as his extensive experience in leading our portfolio management unit, he deeply understands our clients’ needs.”
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 being in charge of DWS’s European client business (ex-Germany and Austria) and global wholesale business in 2020, he became head of DWS’s active portfolio management at the end of 2022 and assumed responsibility for passive portfolio management in 2023.
Jesch joined DWS in 2020 as head of multi asset & solutions, before becoming global CIO at the end of 2022. Jesch is also resigning from his role as CEO of DWS CH AG in Zurich, Switzerland. A successor for this role will be announced shortly.
