European asset manager DWS has brought together its liquid and illiquid platforms under unified leadership, with chief investment officer (CIO) Vincenzo (Enzo) Vedda assuming full responsibility for the investment division.
The move means that DWS, which has $1.17tn (£864bn) in assets under management, is placing overall responsibility for the investment division with one dedicated member of the executive board.
According to DWS, Vedda will assume responsibility for its full investment division, including its liquid assets business, which was previously headed by Stefan Hoops.
Read more: DWS makes senior hire to expand Middle East alts offering
“Since joining the executive board, Enzo has demonstrated deep investment expertise, decisiveness, and a clear sense of accountability,” said Oliver Behrens, chairman of the DWS supervisory board. “Under his leadership, our investment division has become more disciplined, more transparent, and more performance-oriented, delivering even better outcomes for our clients.”
The unification of the investment division was first initiated in August 2025, when Vedda joined the executive board as CIO with responsibility for the liquid assets business and assumed joint leadership of the investment division.
Read more: DWS ramps up private credit team with head of ABF
“In a challenging and dynamic environment, our ability to succeed and deliver performance excellence depends on clarity of responsibility, strong leadership ownership, and an unwavering commitment to what truly matters for our clients,” said Hoops, chief executive of DWS.
“We describe this as building a true five-star mentality. This means aiming not just for acceptable outperformance, but for excellence as a habit. Enzo stands exactly for these principles.”
Read more: DWS, Deutsche Bank and AI Mirqab launch €1bn German mandate
