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DWS CEO Quits Over Greenwashing Accusations

Resignation sparked by German police raids to investigate claims over mis-representation of ESG funds.

Asoka Woehrmann, Group CEO of DWS, has resigned following a raid by German police on the asset manager’s Frankfurt offices, in connection with accusations of fraud relating to its ESG funds. Woehrmann, who had held the position since late 2018, will be replaced by Stefan Hoops, currently head of DWS…

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