DWS names Vincenzo Vedda as Global CIO after Björn Jesch exit

DWS Group said on 12 November 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 Mmrkets 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.

Björn Jesch, former Global CIO of DWS, has decided to leave the company by mutual agreement, the statement said.

Johannes Mueller, previously head of economic and thought leadership research, will become chief Eeonomist of the group. He will report to Vincenzo Vedda.

Stefan Hoops, CEO of DWS and who is also responsible for the Investment Division on the Executive Board level said: “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,

“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. We would also like to express our sincere gratitude to Björn, who is an expert and strong communicator on international capital markets, close to our clients, and a great colleague. We wish him all the best for his professional and personal future."

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 responsibility for 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.

Björn Jesch joined DWS in 2020 as head of multi asset & solutions, before becoming global Chief investment officer at the end of 2022. He is also resigning from his role as CEO of DWS CH AG in Zurich, Switzerland. A successor for this role will be announced shortly.