A change in management is coming to Deutsche Bank subsidiary DWS. A Swiss finance professional has landed a C-Suite position.
DWS Group appoints Markus Kobler as its new chief financial officer (CFO), effective November 1 at the latest, replacing Claire Peel who resigned and will leave the firm at the end of September, according to a statement Tuesday.
The new appointee heads the CFO division as a member of the Executive Board and is responsible for finance, tax, capital planning & management, risk management, and investor relations.
Asian Experience at Julius Baer
Kobler was CFO at Allianz Global Investors, the asset manager of Allianz Group, since 2013, and headed up the company's UK business since 2020. Before joining Allianz Global Investors, Kobler was Managing Director at Bank Julius Baer in Zurich and Singapore. In Asia, he served for a time as Deputy Head at a private bank. His career also includes McKinsey & Co.
He reports to CEO Stefan Hoops who took the reins at DWS just over a year ago after his predecessor Asoka Woehrmann was forced to resign amidst greenwashing and other allegations. With 4,400 employees, DWS manages assets of 859 billion euros, according to figures available through June, and is active in Europe, America, and Asia.
In welcoming Kobler to the firm, Hoops said we're «looking forward to welcoming Markus Kobler as a seasoned and proven finance professional with deep international experience to our Executive Board. I am convinced that we will gain significant diversity of thought from his expertise and track record to support us in delivering our strategic targets for 2025.»
