German asset manager DWS has undergone a major restructuring that has resulted in Vincent Vedda assuming responsibility for multi-asset and solutions from global CIO Björn Jesch.
The move aims to strengthen the global CIO function by consolidating all liquid portfolio management activities under Vedda.
Jesch will continue to lead the chief investment office and research house, focusing on capital markets.
DWS intends to leverage its thought leadership to maximize the value and quality of its tactical and strategic investment themes across all asset classes, both liquid and illiquid.
Jesch was appointed global CIO in September after veteran investor Stefan Kreuzkamp’s early departure from the firm last year, despite his contract running until 2024.
As part of the restructuring, the chief investment office, multi-asset and solutions and research house were brought together under Jesch’s leadership.
Additionally, several changes were made in the client coverage division, with Alexia Giugni appointed head of client coverage EMEA (excluding Germany and Austria) and Gero Schomann taking over the global wholesale client coverage segment.
DWS CEO Stefan Hoops has been swift in making changes at the firm since his arrival last June, following allegations of greenwashing.
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