DWS Group to open new Abu Dhabi office – report

DWS Group, the investment division of Germany’s Deutsche Bank, is set to open a new office in Abu Dhabi, aiming to harness the regional wealth, reported Bloomberg.

As per an emailed statement to the publication, the asset manager has been granted permission to operate by the Financial Services Regulatory Authority.

Joe Kiwan, who leads DWS's operations in the Middle East & Africa, will be transferring from Paris to oversee the company's inaugural establishment in the Middle East.

Kiwan's responsibilities will include maintaining client relationships, forging strategic alliances, and developing the regional strategy.

In June, the media outlet had reported that the Abu Dhabi branch would be staffed with three sales experts, with plans to recruit additional personnel as operations grow.

Abu Dhabi has emerged as an attractive destination for portfolio managers, thanks to its tax-free income. As of June, its financial hub was home to 144 fund and asset management firms.

The company’s CEO Stefan Hoops aims to establish DWS as the top choice for institutional investors investing in Europe.

Managing over €1tn ($1.2tn) in assets, DWS is gearing up to announce its third-quarter financial results.

In May 2025, Deutsche Bank obtained a financial services licence from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM) to undertake essential regulated activities within the international financial hub.

The licence allows Deutsche Bank to engage in several regulated activities as detailed in the Financial Services and Markets Regulations 2015 (FSMR), including arranging deals in investments, arranging credit, and advising on investments or credit.

In September, Deutsche Bank, in partnership with DWS and Partners Group, announced the introduction of a private markets fund aimed at its private clientele.

"DWS Group to open new Abu Dhabi office – report" was originally created and published by Private Banker International, a GlobalData owned brand.

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