At today's Annual General Meeting, the shareholders of DWS vote on the following main items on the agenda: The appropriation of retained earnings including the distribution of a dividend of EUR 1.37 per share, the authorization to purchase own shares and the election of two new Supervisory Board members. Further agenda items include resolutions on compensation and capital issues. The shareholders' meeting will take place at the Congress Center in Frankfurt am Main.
In their speeches to DWS shareholders, Karl von Rohr and Asoka Woehrmann highlight the following strategic aspects:
Karl von Rohr, Chairman of the Supervisory Board of DWS: “The IPO, which gave DWS greater entrepreneurial independence, freed up resources within the company. They will help us to secure the long-term success of DWS, which is so important to all of us.”
Asoka Woehrmann, CEO of DWS, emphasizes considering the challenging environment for asset managers: “As announced, we have already focused our attention on cost efficiency in the first quarter and accelerated our cost initiatives. This enabled us to reduce adjusted costs by another two percent in the first quarter. We will continue to pursue this strict cost management program. And we expect to see the biggest effects of this program in the second half of the year.”
Woehrmann adds in relation to the growth opportunities that DWS will target: “DWS will accelerate the path to the digitalization of asset management. We will create the necessary freedom shortly to be able to use the dynamics of a start-up to map the entire value-chain of an asset manager digitally and automatically.”
Woehrmann also adds: “DWS will make sustainability a core component of its fiduciary action. This topic is very important to us on our course to growth. Sustainability and sustainable investments will be the driving force behind successful asset management in just a few years. We recognize this not only as responsible managers – but we also clearly see this in the investment behaviour of our global client base.
Demand for ESG investment products has risen significantly. And we are convinced that it will continue to rise. We will respond to this and make sustainability the core of DWS’s activities. We have initial solutions that have been well received by our clients.”
At https://group.dws.com/ir/annual-general-meeting/ you can find the agenda and other documents on the Annual General Meeting, as well as a link for the live broadcast of the speeches by the Chairman of the Supervisory Board and the CEO.
For further information please contact:
+49 69 910 61960
+49 69 910 14941
About DWS Group
DWS Group (DWS) is one of the world's leading asset managers with EUR 704bn of assets under management (as of 31 March 2019). Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS has come to be 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 asset classes and 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, which guides our strategic investment approach.
DWS wants to innovate and shape the future of investing: with approximately 3,600 employees in offices all over the world, we are local while being one global team.