DWS Group announced the appointment of Dirk Goergen as Americas CEO, effective January 1, 2023. He will follow Mark Cullen, holds responsibility for the Americas region on the DWS Executive Board, and who will step down at the end of the year and leave the industry in spring 2023 after 30 years of exceptional service. Dirk Goergen will assume this responsibility in addition to his current role as member of the firm's Executive Board and Global Head of Client Coverage Division.

As CEO of the Americas, he will be responsible for identifying growth opportunities in the market and strengthening the positioning of the firm. Mr. Goergen, who will relocate to the U.S. and be based in New York, will also oversee the Americas Leadership Council that manages the running of the firm. DWS provides institutional and retail investors access to liquid and illiquid asset classes, and a range of Active, Passive and Alternative strategies.

Currently the U.S. accounts for 25% of DWS's total assets under management. Mr. Goergen, aged 41, joined DWS in 2018, where he has since been responsible for setting up and developing the Client Coverage Division. His responsibilities include the global business with wholesale and institutional clients across all asset classes (active, passive, alternatives).

Previously, Mr. Goergen was Head of Private Clients Sales in Germany at Deutsche Bank. In this role, he was largely responsible for the further development of the digital distribution channels, the traditional branch business and the cooperation with strategic distribution partners. Previously, Mr. Goergen worked for the management consultancy Bain & Company.

The focus of his consulting work was on large financial institutions, which he supported in strategy development, the implementation of strong cultures, and the realization of major transformation projects.