DWS Group has added Karen Kuder and Angela Maragkopoulou to its roster in the respective roles of chief administrative officer (CAO) and chief operating officer (COO).
The firm said that the pair would be taking over from Mark Cullen, who is set to step down from DWS’s executive board at the end of the year.
Karl von Rohr, chairman of the supervisory board of DWS, said: “With Karen Kuder and Angela Maragkopoulou, we are gaining two experts who have shown an outstanding performance in their respective areas of expertise and who will help shape the further development of DWS. We ensure personnel clarity at an early stage and an orderly handover. At the same time, we are strengthening the executive board in a targeted manner with excellent legal and technological skills. These hires show the attractiveness of the DWS franchise.”
Kuder has been chief counsel of Deutsche Bank since May 2020, where she restructured the legal department, supervised the governance of the Deutsche Bank Group and reached significant settlements with regulators in Germany, Europe and the US. Previously, she was responsible for Deutsche Bank’s management structures worldwide from 2018. Her experience also includes positions in the bank’s risk department and at DWS in London and Luxembourg. Kuder joined Deutsche Bank in 1992 and trained as a bank clerk in Dresden for two years.
Stefan Hoops, CEO of DWS, added: “As general counsel of Deutsche Bank, Karen Kuder adds longstanding experience and expertise to DWS. As CAO, she will continue to develop and strengthen the control functions and governance structures of our firm as a standalone, publicly listed asset manager. Angela Maragkopoulou has been responsible for developing fascinating technological solutions in the B2B area of Deutsche Telekom and has successfully managed global transformation projects. As COO, and together with her team, she will complete DWS’s transformation to a modern, stand-alone IT and operations landscape. Furthermore, she will drive the development of a data strategy and digital channel strategy going forward. I am very much looking forward to working with both.”
Maragkopoulou was most recently CIO B2B and senior vice president B2B and data analytics at Deutsche Telekom IT. Prior to that, she spent 19 years in various national and international leadership roles at Vodafone, most recently as global head of internet of things and software defined networks operations. Kuder will join the executive board of DWS on 1 November 2022, and Maragkopoulou will follow on 1 January 2023. The appointments are subject to approval by the supervisory authorities