DWS Group (DWS) AGM 2025 summary

Opening remarks and agenda

• The AGM was opened by the new Chairman, who acknowledged his predecessor and outlined the formalities, including proper convening, attendance, and the agenda's publication.

• All Executive and most Supervisory Board members were present, with provisions for remote participation due to illness.

• The meeting was held virtually, with live broadcast and opportunities for shareholder interaction, including live Q&A and motions.

Financial performance review

• Net inflows doubled in 2024, with assets under management surpassing EUR 1 trillion for the first time.

• Revenues reached a record EUR 2.765 billion, profit before tax rose 22% to EUR 951 million, and net income increased 18% to EUR 649 million.

• The cost-income ratio improved to 62.3%, near the lower end of the target range.

• A dividend of EUR 2.20 per share was proposed, marking the sixth consecutive annual increase.

• The first quarter of 2025 saw record net inflows and the second-best quarterly result since IPO.

Board and executive committee updates

• Tomohiro Yao was nominated and elected to the Supervisory Board, replacing Kazuhide Toda.

• The Executive Board's compensation system was updated with minor changes, focusing on aligning interests and introducing new performance targets.

• Supervisory Board and Joint Committee compensation packages were increased to reflect market standards and increased responsibilities.

• Several executive contracts were extended, including the CEO's term to 2028.