DWS Group has handed over responsibility for its entire investment division to its chief investment officer, Vincenzo (Enzo) Vedda, effective 1 May 2026.

The move sees him taking over the firm’s illiquid assets business previously headed by chief executive officer Stefan Hoops.

Vedda joined the firm’s executive board as chief investment officer in August 2025 with joint leadership of the firm’s investment activities.

Stefan Hoops, CEO of DWS, said: “In a challenging and dynamic environment, our ability to succeed and deliver performance excellence depends on clarity of responsibility, strong leadership ownership, and an unwavering commitment to what truly matters for our clients.”

“We describe this as building a true five-star mentality. This means aiming not just for acceptable outperformance, but for excellence as a habit. Enzo stands exactly for these principles.”

Oliver Behrens, chairman of the DWS supervisory board, said: “Since joining the Executive Board, Enzo has demonstrated deep investment expertise, decisiveness, and a clear sense of accountability.”

“Under his leadership, our investment division has become more disciplined, more transparent, and more performance oriented – delivering even better outcomes for our clients.”

According to the firm’s latest quarterly results, DWS Group saw inflows of €11bn ($12.9bn) during the period despite the market volatility caused by the Iran war.