CFO Claire Peel and then-CEO Nicolas Moreau at the fund company’s IPO.
(Photo: dpa)
Frankfurt It is a setback for the Deutsche Bank fund subsidiary DWS: The respected CFO Claire Peel is surprisingly leaving the company. Peel will resign from her post in late summer to take advantage of an “attractive external” career opportunity, wrote DWS boss Stefan Hoops on Wednesday in an internal statement available to Handelsblatt.
DWS now wants to start a process to search for a successor. In doing so, she will deal with both internal and external candidates, announced Supervisory Board Chairman Karl von Rohr.
Investors reacted disappointed to the announcement. The DWS share price fell by around seven percent at its peak, but later recovered somewhat. “Peel stands for cost control at DWS and is always open to investors,” says a major investor. “It’s a small shock wave.” Since the IPO in March 2018, Peel has ensured cost discipline in the house with a steady hand.