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DWS Group

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DWS Group
Native name
DWS Group GmbH & Co. KGaA
Company typeGmbH & Co. KGaA
FWB: DWS
SDAX Component
ISINDE000DWS1007
IndustryInvestment management
Founded1956; 68 years ago (1956)
Headquarters
Mainzer Landstraße 11-17, Frankfurt
,
Germany
Key people
Asoka Woehrmann (CEO)
ProductsMutual Funds
ETFs
Alternative Investments
AUM€820 billion (March 31 2021)
OwnerDeutsche Bank (79.49%)
Number of employees
3,360 (2019)
Websitedws.com

The DWS Group (Formerly: Deutsche Asset Management) is a German asset management company. It previously operated as part of Deutsche Bank until 2018 where it became a separate entity through an initial public offering on the Frankfurt Stock Exchange.[1][2] It is currently headquartered in Frankfurt, Germany is a constituent member of the SDAX index.

History

DWS was founded in Hamburg in 1956 as "Deutsche Gesellschaft für Wertpapiersparen mbH" (German Enterprise for Securities Savings), the name was later shortened to DWS, "Die Wertpapier Spezialisten" (The Fund Specialists). Originally, the activities involved products and investment services that were initially offered to investors in Germany and throughout Europe. Activities under the DWS Investments brand were later expanded to include separate line-ups of products and investments services for investors in the USA, Asia and other regions.[3]

Originally Deutsche Bank held 30% of DWS while the rest was held by other financial institutions.[4] However by 2004, DWS was wholly owned by Deutsche Bank.[5]

In 2009, DWS took control over Rosenberg Real Estate Equity Funds (RREEF) which was also owned by Deutsche Bank.[6]

In 2012, Deutsche Bank announced the establishment of its Asset & Wealth Management (AWM) division which DWS was fully integrated into.[7] The DWS brand name was retained as the name for the German retail business. However in 2015, AWM was split into Deutsche Asset Management and Deutsche Bank Wealth Management.[8]

In 2017, Deutsche Asset Management was rebranded to DWS with Deutsche Bank planning to publicly list a minority stake of it.

In 2018, DWS was spun off as a separate company through an initial public offering on the Frankfurt Stock Exchange.[1][2] However despite being a separate company, the majority of DWS shares are still held by Deutsche Bank at 79.49%.[9]

Business Overview

DWS serves both retail and institutional clients. It has offices in Europe, Asia and the United States.

DWS has 3 main product offerings which are Active Investments, Passive Investments and Alternatives.

Actively managed mutual fund strategies include Equities, Fixed Income and Multi-Asset.

Passively managed funds include ETFs and ETCs. They are sold under the Xtracker brand name.

Alternative investment funds include Private Equity, Real Estate and Infrastructure investments. The Real Estate funds are sold under the RREEF brand name.

Sponsorships

DWS Investments UK sponsored English professional football club, Aston Villa F.C. from 2004 to 2006. After DWS Investments UK was bought out by Aberdeen Asset Management, DWS decided it would not renew its sponsorship contract as it had no more business links with the UK.[10]

References

  1. ^ a b "Asset Manager: Deutsche Bank ready to spin off DWS fund manager in IPO". www.handelsblatt.com. Retrieved 2021-03-01.
  2. ^ a b Meredith, Sam (2018-03-23). "Shares of Deutsche Bank's DWS edge higher in stock market debut". CNBC. Retrieved 2021-03-01.
  3. ^ "60 Years of Asset Management". funds.dws.com. Retrieved 2021-03-01.{{cite web}}: CS1 maint: url-status (link)
  4. ^ Müller, Martin L. (2006). DWS-Investments: eine Erfolgsgeschichte 1956 – 2006. Piper Verlag. p. 26. ISBN 3492049435.
  5. ^ "Deutsche Bank Annual Report 2004 - Acquisitions and Divestitures". annualreport.deutsche-bank.com. Retrieved 2021-03-01.
  6. ^ "DWS übernimmt Fondsverwaltung von RREEF". www.fondsprofessionell.de (in German). Retrieved 2021-03-01.
  7. ^ "Deutsche Bank Annual Report 2012 - Asset & Wealth Management". annualreport.deutsche-bank.com. Retrieved 2021-03-01.
  8. ^ Ricketts, David (25 October 2015). "Deutsche splits asset and wealth management". www.ft.com. Retrieved 2021-03-01.{{cite web}}: CS1 maint: url-status (link)
  9. ^ MarketScreener. "DWS GROUP GMBH & CO. KGAA : Shareholders Board Members Managers and Company Profile | DE000DWS1007 | MarketScreener". www.marketscreener.com. Retrieved 2021-03-01.
  10. ^ "Villa lose their shirt sponsors". the Guardian. 2006-01-20. Retrieved 2021-03-01.
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