Deutsche Bank Private Bank to Leverage DWS’ Institutional Investment and Execution Platform in Expanded Strategic Collaboration

(IN BRIEF) Deutsche Bank and DWS are strengthening their collaboration in Discretionary Portfolio Management by integrating DWS’ institutional investment and execution platform into the portfolio implementation process for Deutsche Bank Private Bank clients while keeping strategic asset allocation and client relationships firmly under Deutsche Bank’s leadership through its Global Chief Investment Office this initiative is intended to enhance scalability, operational robustness, and investment quality for high-net-worth clients without altering the fundamental structure of DPM, as client assets will continue to be held in individual accounts with Deutsche Bank which retains full product responsibility and brand control senior executives from both institutions framed the move as a key step toward accelerating wealth management growth, including plans to double DPM volumes over the next three years, while reinforcing a long-standing partnership that spans the investment value chain and aligns with both firms’ ambitions to position discretionary portfolio management as a core managed solution for private wealth clients.

(PRESS RELEASE) FRANKFURT, 9-Feb-2026 — /EuropaWire/ — Deutsche Bank and DWS are set to deepen their strategic cooperation in Discretionary Portfolio Management (DPM) by integrating DWS’ institutional investment and execution platform into the portfolio implementation process for clients of Deutsche Bank’s Private Bank. The move is designed to support the bank’s growth objectives while enhancing the operational and investment framework underpinning its discretionary offerings.

Under the refined collaboration model, Deutsche Bank Private Bank will retain full responsibility for defining strategic asset allocation, portfolio construction, and overall investment direction through its Global Chief Investment Office. At the same time, DWS will provide its advanced institutional infrastructure to support trade execution, portfolio implementation, and investment operations. The partnership seeks to merge Deutsche Bank’s relationship-driven private banking model with the scale, efficiency, and expertise of one of Europe’s largest asset managers.

The enhanced approach is intended to strengthen the quality and consistency of investment implementation for high-net-worth clients by aligning the complementary capabilities of both organizations more closely than before.

For existing and future DPM clients, the core structure of the service will remain unchanged. Client assets will continue to be held in individual accounts with Deutsche Bank Private Bank, ensuring continuity in custody and client ownership. Deutsche Bank will also maintain full product responsibility and brand leadership for the offering.

Claudio de Sanctis, Member of the Management Board of Deutsche Bank and Head of the Private Bank, stated that the bank has set a clear strategic goal to significantly expand its wealth management business, including doubling DPM volumes within the next three years. He emphasized that working more closely with DWS would enable Deutsche Bank to build a more scalable, institutional-grade investment platform while reinforcing its established Global Hausbank model.

The initiative builds on a long-standing partnership between Deutsche Bank and DWS across multiple areas of the investment value chain. Both institutions view the expansion of their cooperation in DPM as an important step in positioning discretionary portfolio management as a central managed solution for private wealth clients.

Stefan Hoops, Chief Executive Officer of DWS, highlighted that closer collaboration within the Deutsche Bank Group represents a key driver of future growth. He noted that DWS has a strong track record of delivering investment solutions to Deutsche Bank clients and that the broadened partnership in DPM demonstrates how both organizations can work together to create additional value through enhanced institutional investment and execution capabilities.

Overall, the strengthened collaboration reflects a shared commitment by Deutsche Bank and DWS to leverage their respective strengths in a way that supports client outcomes and long-term strategic growth.

About DWS Group

DWS Group (DWS), with EUR 1,085bn of total assets under management (as of 31 December 2025), is a leading European asset manager with global reach. With approximately 5,000 employees in offices around the world, DWS offers individuals, institutions and large corporations access to comprehensive investment solutions and bespoke portfolios across the full spectrum of investment disciplines. Its diverse expertise in Active, Passive and Alternative asset management enables DWS to deliver targeted solutions for clients across all major liquid and illiquid asset classes.

www.dws.com

About Deutsche Bank

Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.

Deutsche Bank Private Bank to Leverage DWS’ Institutional Investment and Execution Platform in Expanded Strategic Collaboration

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