DWS Group to open new Abu Dhabi office – report

Core Insights - DWS Group, the investment division of Deutsche Bank, is opening a new office in Abu Dhabi to tap into regional wealth [1] - The Abu Dhabi branch will initially have three sales experts, with plans for further recruitment as operations expand [2] - DWS manages over €1 trillion ($1.2 trillion) in assets and aims to be the preferred choice for institutional investors in Europe [3] Company Developments - Joe Kiwan will oversee the new Abu Dhabi office, focusing on client relationships and regional strategy [2] - The office has received permission from the Financial Services Regulatory Authority to operate in the Abu Dhabi Global Market [1][3] - Deutsche Bank obtained a financial services license in May 2025, allowing it to engage in various regulated activities [4] Market Context - Abu Dhabi is becoming a favorable location for portfolio managers due to its tax-free income, housing 144 fund and asset management firms as of June [2] - In September, Deutsche Bank, in collaboration with DWS and Partners Group, launched a private markets fund for private clients [4]