DWS Group, the asset management arm of Deutsche Bank AG (NYSE:DB), is enhancing its alternative investment strategies with the introduction of a new Collateralized Loan Obligation (CLO) operation in Europe slated for launch next year. The move is part of a broader expansion plan led by CEO Stefan Hoops to grow the firm's significant €860 billion asset pool.
Dan Robinson has been appointed to lead the EMEA alternative credit division at DWS, working under Paul Kelly, the global head of alternatives based in London. Robinson, who has previous experience with Man Group Plc (LON:EMG) and Oaktree Capital Management, will play a crucial role in developing DWS's private credit initiatives.
The firm's strategic growth includes a direct lending fund targeting $1 billion to support European businesses. This initiative aims to provide tailored financial products to meet the specific needs of ultra-wealthy clients and address concerns about liquidity and transparency within the alternatives sector.
DWS leverages its relationship with Deutsche Bank and German regional banks to originate loans more effectively, a key competitive advantage as rising interest rates pose challenges to traditional bank risk management. By recruiting additional talent throughout 2023, DWS is positioning itself to capitalize on opportunities within the private credit market, ensuring it remains responsive to investor needs in a complex financial landscape.
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