Stefan Hoops News

Subscribe to enjoy similar stories.MUMBAI: Executives at Nippon Life India Asset Management and Deutsche Bank’s asset manager DWS said global investors continue to view India as a key long-term market despite continued foreign portfolio outflows from equities.Global investors may be in a temporary “wait-and-watch” mood, said Sundeep Sikka, managing director and CEO of Nippon Life India Asset Management Ltd.

Deutsche Bank-owned DWS announced the launch of the company as part of their wider plan to go live with the new euro stablecoin next year, marking a significant step for the European financial sector considering DWS manages assets worth €941 billion. The cryptocurrency is set to be regulated by Germany’s Federal Financial Supervisory Authority (BaFin) as DWS looks to be the first company being granted a German e-money licence for a stablecoin. The newly created company, AllUnity, is a collaboration between DWS, Flow Traders, and Galaxy Digital, working together to introduce the new stablecoin. Stefan Hoops, CEO of DWS, commented that the stablecoin will gain interest from a broad range of clients, including digital asset investors and industrial applications.

The new venture, AllUnity, will be regulated by BaFin, Germany’s financial supervisory authority. Set for launch within the next 18 months, AllUnity’s longer-term focus will be to accelerate mass market adoption of digital assets and tokenization.Stefan Hoops, CEO DWS, comments: “Through the future creation of AllUnity, we will bridge the gap between the traditional and digital finance ecosystems to build a core infrastructure provider that facilitates secure on-chain settlement for institutional, corporate and private use.

Germany’s largest financial institution Deutsche Bank AG is seeking regulatory permission to operate a custodial platform to offer cryptocurrencies. 

The chief executive of DWS said he cannot rule out regulatory fines as an investigation into the asset manager's ESG practices continues.

The new chief executive of DWS has taken to social media to defend the asset manager over what he claims is “critical reporting” of its results and wider strategy by the media.

DWS, a subsidiary of Deutsche Bank, said its chief executive is resigning on Wednesday, following a raid at its offices by the authorities into alleged greenwashing.