DWS Group has tapped former Credit Suisse executive Björn Jesch to serve as the CEO of its Swiss unit.
Jesch joined DWS last month as the global head of multi asset & solutions, replacing Christian Hille who quit DWS after a 13-year stint.
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He will retain his position as the global head of multi asset & solutions apart from his new role.
He will operate out of Zurich in the new role.
At Credit Suisse, Jesch was the global head of Investment Management within the International Wealth Management unit.
Apart from Credit Suisse, he formerly worked at Union Investment as the CIO and head of portfolio management.
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By GlobalDataIn his 30-year long financial career, he also had stints at Deutsche Bank as well as Citibank.
Earlier this year, DWS picked a 24.9% stake in Arabesque AI, a UK-based technology firm with an AI engine to forecast stock price.
Besides, the two companies entered into a partnership, which is aimed at improving the AI engine using the investment knowledge of DWS and the machine-learning capabilities of Arabesque AI. The two parties also plan to work together to launch AI-powered investment solutions.
The deal builds on DWS’ purchase of a 2.68% stake in ESG scoring firm Arabesque S-Ray.
