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DWS chief resigns day after German police raid over greenwashing claims

( June 1, 2022, 12:47 GMT | Official Statement) -- MLex Summary: DWS Group's chief executive Asoka Woehrmann has resigned from the Deutsche Bank subsidiary the day after German police raided its Frankfurt offices over alleged prospectus fraud. The asset manager is alleged to have sold environmental, social and governance, or ESG, products that were not evidence-backed, a practice known as “greenwashing.” Stefan Hoops, previously Deutsche Bank's head of the corporate bank, will become DWS's new CEO.Statement follows....

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