DWS Investments chief Philipp Hensler exits

Philipp Hensler, the top U.S. executive for New York-based DWS Investments, has left the firm.
MAR 11, 2010
Philipp Hensler, the top U.S. executive for New York-based DWS Investments, has left the firm. Mr. Hensler, whose last day at DWS was Aug. 21, is “moving on to pursue other opportunities outside the organization,” confirmed Lem Brewster, a spokesman for DWS, who would not give further details on Mr. Hensler's departure. He had been with DWS since 2005. DWS Investments is the U.S. arm of the global money management business of Frankfurt, Germany-based Deutsche Bank AG. DWS has moved quickly to replace Mr. Hensler, hiring Michael Woods — the former head of the financial intermediaries and investments group at Evergreen Investments — to take over his job. Laura Fay, a spokeswoman for the Boston-based Evergreen, was not immediately available to offer information about Mr. Woods' replacement.

Latest News

Advisors get the keys: AdvisorCRM and Zeplyn let firms build their own AI tools
Advisors get the keys: AdvisorCRM and Zeplyn let firms build their own AI tools

Two wealthtech providers are handing advisors the controls, letting firms design their own workflows and AI agents in plain language.

Former San Francisco advisor gets nine-years for running Ponzi
Former San Francisco advisor gets nine-years for running Ponzi

Edwin Lickiss earlier admitted that he defrauded at least 93 victims of over $9.5 million from 1998 through 2024.

Financial confidence gap widens as advisors fill knowledge void
Financial confidence gap widens as advisors fill knowledge void

New research shows Americans want control over their money but lack the confidence to take action – and advisors are the bridge.

Bipartisan bill clarifying ESOP stock rules sails through House
Bipartisan bill clarifying ESOP stock rules sails through House

Retire Through Ownership Act lets ESOP fiduciaries rely on independent appraisals, closing a decades-old valuation gap for private company stock.

Sanctuary Wealth adds estate, M&A and marketing leaders to boost partner support
Sanctuary Wealth adds estate, M&A and marketing leaders to boost partner support

The breakaway-focused platform's senior hires from Wells Fargo, Bluespring and Hightower deepen its bench for growth and succession planning.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income