Important security note: Warning of attempted fraud in the name of DWS
We have detected that fraudulent individuals are misusing the "DWS" trademark and the names of DWS employees on the internet and social media. These fraudsters are operating fake websites, Facebook pages, WhatsApp groups and Mobile Apps. Please be aware that DWS does not have any Facebook Ambassador profiles or WhatsApp chats. If you receive any unexpected calls, messages, or emails claiming to be from DWS, exercise caution and do not make any payments or disclose personal information. We encourage you to report any suspicious activity to info@dws.com, including any relevant documents and the original fraudulent email. Additionally, if you believe you have been a victim of fraud, please notify your local authorities and take steps to protect yourself.
Deutsche Bank and DWS Deepen Collaboration to Strengthen Discretionary Portfolio Management
2/9/2026
DWS to contribute institutional investment and execution platform to clients of Deutsche Bank’s Private Bank
Leveraging growth potential in line with mid-term financial ambitions
For further information please contact:
Deutsche Bank and DWS intend to expand their long-standing strategic collaboration in Discretionary Portfolio Management. Going forward, it’s envisaged that Deutsche Bank’s portfolio implementation will be supported by DWS’ institutional investment and execution platform. Under the enhanced model Deutsche Bank Private Bank will continue to be responsible for the strategic asset allocation, portfolio design, and investment strategy led by its Global Chief Investment Office. This combined model unites Deutsche Bank’s client-centric private banking advisory model with the scale and robustness of a leading European asset manager’s investment infrastructure.
The initiative aims to strengthen investment implementation for high-net-worth private clients by bringing together the respective core strengths of Deutsche Bank Private Bank and DWS even more closely.
For Private Bank clients, the fundamental characteristics of DPM will remain unchanged. Client assets will continue to be held in individual accounts with Deutsche Bank Private Bank. Client ownership, product responsibility and brand leadership will remain fully with Deutsche Bank.
Claudio de Sanctis, Member of the Management Board of Deutsche Bank and Head of the Private Bank, said: “At the recent Investor Deep Dive, I outlined our ambition to accelerate the growth of our wealth management franchise, including our commitment to doubling DPM volumes within the next three years. By partnering with DWS, we are building a scalable, institutional-grade platform that enhances our discretionary capabilities and further strengthens our proven Global Hausbank approach.”
The initiative builds on the long-standing and successful cooperation between Deutsche Bank and DWS across the investment value chain and reinforces the shared ambition to further develop DPM as a core managed solution for private wealth clients.
Stefan Hoops, Chief Executive Officer of DWS, added: “Unlocking the potential of closer collaboration within the Deutsche Bank Group is a key lever for future growth. Building on our strong history of serving Deutsche Bank clients with DWS products, the expansion of our partnership in Discretionary Portfolio Management is a tangible example of how we can create additional value – by contributing our institutional investment and execution capabilities to help deliver better outcomes for Deutsche Bank’s clients.”
The enhanced collaboration underscores the shared ambition of Deutsche Bank and DWS to combine their respective strengths in the best interest of clients.