DWS sends "shock waves" through ESG fund management industry

The departure of a chief executive officer amid allegations of greenwashing marks a turning point for an industry that this year ballooned to more than USD 40trn.

“This is a very historic thing that’s happening,” said Sasja Beslik, chief investment officer at NextGen ESG and the author of “Where the Money Tree Grows.” It’s going to send “shock waves across the asset-management industry, specifically targeting senior management because they ultimately approve all of it.” | Photo: Jakob Melgaard / PFA

By Frances Schwartzkopff and Steven Arons / BLOOMBERG

After pegging his career to ESG, the CEO of DWS Group, Asoka Woehrmann, resigned hours after the asset manager’s offices were raided by police looking for evidence of misleading claims around environmental, social and governance investments. DWS is still being investigated in the US and Germany.

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DWS sends "shock waves" through ESG fund management industry

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Front page now

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

World's best EMD team still waiting for clients to return to Danske AM

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

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New Nordic high yield manager keeps attracting inflows

KLP excludes US construction supplier over Gaza connection

Swedish FSA fines church pension fund for failing to limit investment risks

Danish pension fund drops drilling platform investments

Expansion of Nordic team has paid off: Inflows to all core products for US manager

Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

New Nordic high yield manager keeps attracting inflows

Expansion of Nordic team has paid off: Inflows to all core products for US manager