Deutsche Bank’s DWS Cuts Asia Private Credit Team in Shift

DWS Group, an asset management arm of Deutsche Bank AG, has dismissed its Asia Pacific private credit team as it removes the region from its global private credit strategy, according to people familiar of the matter.

Frankfurt-based DWS has cut the small team in recent weeks in Asia because the region remains less mature and structurally challenging compared with the firm’s stronghold in Europe, said the people, asking not to be identified discussing a private matter. DWS will continue pursuing private credit elsewhere globally, they added.