DWS has appointed Barbara Richter (pictured) as head of asset-based finance, strengthening the firm’s capabilities across private credit.
Prior to joining DWS, Richter was a managing director at $17bn (£12.7bn) global investment firm Värde Partners in London, where she served as co-head of the asset based finance business, responsible for Europe, the Middle East and Asia.
Before this, she held senior roles at Goldman Sachs in structured credit trading and credit and mortgages structuring.
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“Barbara’s appointment reflects our continued investment in strengthening our private credit and asset-based finance capabilities to meet growing investor demand for differentiated, high quality investment solutions,” said Patrick Connors, global head of private credit at DWS. “We will continue to leverage our long-term cooperation with Deutsche Bank as we scale our private credit platform.”
DWS is a European asset manager across active, passive and alternative strategies, with €1.1tn (£956.8bn) of assets under management.
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The move comes as asset-based finance, under the private credit umbrella, has seen strong growth over the last few years, as investors look beyond traditional direct lending.
According to recent research by Moody’s, the private credit market is expected to reach $4tn in assets by 2030, driven increasingly by investment in asset-backed finance as investor priorities shift.
