DWS Group (DWS) AGM 2026 summary

Opening remarks and agenda

• The AGM was opened with a welcome and emphasis on the return to in-person meetings, with plans to hold such meetings regularly in the future.

• Housekeeping formalities were addressed, including attendance, voting procedures, and the presence of the notary and board members.

Financial performance review

• Achieved record revenues of EUR 3.155 billion, profit before tax of EUR 1.324 billion, and net income of EUR 927 million for 2025.

• Assets under management reached EUR 1.085 trillion, with net inflows of EUR 51 billion.

• Cost-income ratio improved to 58%, outperforming the target of 61.5%.

• Earnings per share reached EUR 4.64, exceeding the target of EUR 4.50.

• First quarter of 2026 saw revenues of EUR 821 million, net income of EUR 265 million, and a cost-income ratio of 54.1%.

Board and executive committee updates

• Supervisory Board and committees held 30 meetings, focusing on strategy, risk, and control processes.

• Ute Wolf stepped down from the Supervisory Board; Bas NieuweWeme was elected as her successor.

• Contracts for key executives, including CFO Markus Kobler and Manfred Bauer, were extended for three years.

• CEO Stefan Hoops joined Deutsche Bank's Management Board while retaining his DWS CEO role.