DWS Group made a number of changes to its investment and client coverage divisions, including the appointment of Bjorn Jesch as global CIO.
Stefan Kreuzkamp was global CIO, a spokeswoman said. Mr. Kreuzkamp retains his title as head of DWS' investment division.
The change coincides with a number of structural changes to the division. DWS has brought together the firm's chief investment office, multiasset and solutions, and "research house" units under Mr. Jesch's leadership, an emailed statement said. Mr. Jesch was CIO for Europe, Middle East and Africa and global head of multiasset and solutions, the spokeswoman said. The research house is DWS' unit where executives produce insights to help clients.
Mr. Jesch will also retain his role as CEO of DWS CH, the Switzerland-based business.
The firm also brought together its active equity, fixed income and cash businesses under Vincenzo Vedda. Mr. Vedda led the European ex-Germany and Austria client coverage team and is replaced by Alexia Giugni. Further details were not available.
Finally within the investment division, DWS combined its systematic investment solutions unit — which had been led by Fiona Bassett — together with trading, creating a systematic solution and implementation platform business. Ms. Bassett leads this unit.
Details on AUMs of specific units were not available. The firm had €833 billion ($873.7 billion) in total AUM as of June 30.
