DWS head of investment division and former CIO Kreuzkamp exits

Written by Adam Cadle

25/11/2022

DWS head of the investment division Stefan Kreuzkamp is stepping down, effective the end of 2022, and is leaving the company by mutual agreement after 24 years.

Kreuzkamp had agreed to the company's request to prematurely terminate his contract, which only runs until the beginning of 2024, to make room for the new management team. In September of this year, he had already made far-reaching changes to the management structure of the investment division and reorganised responsibility in this area. Björn Jesch has become the global chief investment officer for DWS; Fiona Bassett took over the newly-created systematic solutions and implementation platform; and Vincenzo Vedda has become responsible for the active division, in which DWS has combined the active equity and fixed income (including cash) asset classes. Together with the current management team of the investment division, Jesch, Bassett and Vedda will report to Stefan Hoops in the future. Vedda will additionally take over Kreuzkamp's previous responsibilities on the management board of DWS Investment GmbH.

Kreuzkamp worked for DWS initially as portfolio manager for money market funds and later as head of fixed income and money market fund business and chief investment officer Europe.

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