Hoops appointed to Deutsche Bank board

Deutsche Bank’s supervisory board has decided to appoint Stefan Hoops, CEO of DWS, a member of Deutsche Bank’s management board, effective 1 May. Hoops will continue to serve as CEO of DWS and will also take on responsibility for the asset management segment on Deutsche Bank’s management board. DWS remains a separately listed legal entity with its own strategy, leadership and governance. Hoops’s appointment is subject to regulatory approvals. For DWS, the appointment of Hoops as a Deutsche Bank management board member offers the opportunity to enhance its representation in the decision-making of its biggest shareholder. It reflects the importance of asset management within the bank’s focused growth strategy to scale the global Hausbank over the coming years, according to a statement by DWS. As laid out in the Deutsche Bank investor day in November 2025 and at DWS’ results presentation in January 2026, both organisations are seeking to leverage the capabilities of the group to drive profitable, targeted growth opportunities. Hoops’ combined role is expected to enhance the ability of DWS and the group to capture these opportunities in a changing environment, for example, as a leading provider of pension solutions as Germany makes changes to its retirement framework and by positioning the company as the “Gateway to Europe” for international investors. “We welcome the appointment of Stefan Hoops to the Deutsche Bank management board”, said Oliver Behrens, chairman of the supervisory board of DWS. “It is a strong signal for the importance of DWS for Deutsche Bank’s growth strategy. At the same time, it reflects DWS’ strategic growth potential and recognizes the excellent work that Stefan and his team have delivered over the past years.” Together with the executive board of DWS, Hoops will continue to focus on executing the company’s growth plan and remain committed to delivering its mid-term financial targets of 10-15% annual growth in earnings per share and a cost/income-ratio of below 55% in 2027, according to DWS.