DWS appoints Head of Insurance Advisory for EMEA

DWS today announced the appointment of Paolo Gazzola as Head of Insurance Advisory for EMEA (ex. Germany and Austria), based in Milan. A seasoned expert in insurance and pensions solutions, Gazzola brings more than a decade of in-depth experience in the EMEA insurance and fixed income market to DWS.  

Gazzola was most recently Executive Director and Investment Specialist at J.P. Morgan Asset Management where he partnered with EMEA insurance and pension fund clients to promote strategic opportunities across fixed income.

Prior to this, Gazzola held similar positions at BlackRock and PIMCO, working as a product strategist and salesperson, respectively. He also served as a Credit Analyst at Fitch Ratings for five years and held roles at UBS Investment Bank and Actinvest.

In his role, Gazzola will lead DWS’s insurance advisory and solutions business in the region, working closely with existing and prospective clients, with DWS’s investment platform and with its structured solutions and LDI teams.

Alexia Giugni, Head of Client Coverage for EMEA, DWS, said: “Bringing an experienced practitioner such as Paolo onboard reflects DWS’s continuing commitment to growing our insurance specialised offering in EMEA and meeting the unique investment needs of this industry. Paolo’s track record in the insurance sector, spanning over 12 years, positions him well to lead DWS in this space.”

Paolo Gazzola, Head of Insurance Advisory for EMEA, DWS added: “DWS has a long-standing commitment to insurance asset management and I am pleased to join the firm to lead growth in the insurance advisory business, bringing innovation and value to meet the unique needs of our insurance clients.

DWS has been managing assets on behalf of insurers since 1929. DWS is ranked as fifth global third-party insurance manager with over EUR 160bn[1] of general account insurance AuM, covering 200 clients on three continents.

Paolo Gazzola will report into Alexia Giugni, Head of Client Coverage for EMEA (ex. Germany and Austria).


1. as of 31 August 2023. DWS ranks no. 5 overall for AuM managed globally for third-party insurance general accounts in the 2023 edition of the Insurance Investment Outsourcing Report


About DWS Group

DWS Group (DWS) with EUR 860bn of assets under management (as of 30 September 2023) aspires to be one of the world's leading asset managers. Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.

We offer individuals and institutions access to our strong investment capabilities across all major liquid and illiquid asset classes as well as solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, giving strategic guidance to our investment approach.

DWS wants to innovate and shape the future of investing. We understand that, both as a corporate as well as a trusted advisor to our clients, we have a crucial role in helping to navigate the transition to a more sustainable future. With approximately 4,400 employees in offices all over the world, we are local while being one global team. We are committed to acting on behalf of our clients and investing with their best interests at heart so that they can reach their financial goals, no matter what the future holds. With our entrepreneurial, collaborative spirit, we work every day to deliver outstanding investment results, in both good and challenging times to build the best foundation for our clients’ financial future.

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