DWS chief resigns in wake of greenwashing raid

Effective 10 June, Woehrmann will leave the firm in the hands of Stefan Hoops, who currently serves as head of corporate bank at Deutsche Bank, with David Lynne, current head of corporate bank, Asia Pacific, taking on Hoops' soon-to-be former role. In a departing memo to employees, outgoing CEO Woerhmann told employees it was a joy to see the firm flourish but the "allegations…, however unfounded or undefendable, have left a mark," according to Reuters. He then quoted Charles Dickens' A Tale of Two Cities: "It was the best of times, it was the worst of times." Yesterday's (31 May) ...