Key facts
- DWS Group is changing its name to Deutsche Asset Management.
- CEO Stefan Hoops believes the new name will boost international recognition.
- The rebrand aims to attract large clients.
- The company seeks to leverage the Deutsche Bank brand.
DWS Group, the asset management arm of Deutsche Bank, is set to rebrand as Deutsche Asset Management. Chief executive Stefan Hoops stated that the name change is intended to provide "immediate international recognition" and help attract larger clients. The move seeks to capitalize on the established global reputation of the Deutsche Bank brand.