FILE PHOTO: A euro sculpture is pictured in front of the headquarter of the European Central Bank (ECB) in Frankfurt, January 15, 2009. REUTERS/Kai Pfaffenbach
January 28, 2022
By Tom Sims and Frank Siebelt
FRANKFURT (Reuters) – The European Central Bank is looking into corporate governance issues surrounding the chief executive officer of Deutsche Bank’s fund unit DWS, a person with knowledge of the matter said on Friday.
The ECB’s queries into governance practices at DWS come on top of separate investigations by the U.S. Securities and Exchange Commission as well as Germany’s financial regulator BaFin into allegations that DWS overstated how it used sustainable investing criteria to manage investments. DWS has denied those allegations.
DWS, Deutsche Bank and the ECB declined to comment on the ECB’s inquiry.
($1 = 0.8986 euros)
(Reporting by Tom Sims, Frank Siebelt and Elke Ahlswede; Editing by Sabine Wollrab, Kirsti Knolle)