DWS CEO Takes Charge Amid Struggles of Private Credit Unit to Attract Investors

In a strategic move aimed at revitalizing its struggling private credit unit, DWS Group, the German asset management giant, has announced that its CEO, Stefan Hofmann, will directly oversee operations in this sector. This decision comes in response to significant challenges the firm has faced in attracting investment amidst a fluctuating economic landscape and increased competition in the private credit market.

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