Stefan Hoops

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Stefan Hoops
Born	January 1980 Hannover, Germany
🎓 Alma mater	University of Bayreuth
💼 Occupation	Banker, business executive
Title	Chief Executive Officer, DWS Group
Predecessor	Asoka Wöhrmann

Stefan Hoops, born January 1980, is a German banker and business executive. He has served as chief executive officer of DWS Group, the asset management subsidiary of Deutsche Bank, since June 2022.

Early life

Hoops was born in January 1980 in Hannover. He played basketball during his high school years, including during a year of his youth spent living near San Francisco. He studied at the University of Bayreuth.

Career

Hoops joined Deutsche Bank as a graduate in Frankfurt in 2003, working initially in fixed income sales.

He later worked in New York, where during his time on the markets desk, he worked alongside Greg Lippmann, the Deutsche Bank trader later made famous by Michael Lewis' book The Big Short.

In 2019, as part of a restructuring under chief executive Christian Sewing, Hoops was appointed to head a newly created corporate bank combining the transaction bank and corporate-client businesses.

Hoops was appointed chief executive of DWS Group on 10 June 2022, succeeding Asoka Wöhrmann, who resigned amid investigations by US and German authorities into allegations of greenwashing at the firm. Hoops was widely described as having been brought in from Deutsche Bank to stabilise the business, although some criticised the appointment given Hoops' lack of prior asset management experience.

Among his first acts as chief executive, Hoops removed the ESG classification system at the centre of the allegations, resulting in a 75 per cent reduction in assets classified under environmental, social and governance strategies in DWS's annual report. He acknowledged that the firm's ESG marketing had been overly "exuberant", while maintaining that DWS had not published false reports.

In 2024, DWS was fined €25 million by German prosecutors following the conclusion of their investigation. DWS separately reached a settlement with the U.S. Securities and Exchange Commission.

Under Hoops, DWS has pursued a strategy centred on growing its passive investment platform, Xtrackers, alongside expansion into private credit, infrastructure and cryptoassets.

By March 2026, DWS shares had roughly doubled since his appointment in 2022.

Hoops was appointed to the Deutsche Bank management board in March 2026.

Alongside other business leaders including the CEOs of Eon and ThyssenKrupp Steel, Hoops is a member of the Economic Advisory Board of the Green Parliamentary Group in Germany's Bundestag. He was appointed at the point of the group's launch in the first quarter of 2026.

Public positions

Hoops has been an outspoken critic of what he regards as a resurgent culture of machismo in the financial industry and has called on companies to maintain zero tolerance for sexual harassment and to ensure equal opportunities. His position drew public support from other German business executives and was covered widely in the financial and mainstream press.

In 2025, Hoops argued that President Donald Trump's tariff policies had acted as a catalyst for long-overdue reform in Europe, particularly on infrastructure and defence spending.

Personal life

He is an enthusiast of basketball, a sport he played during his school years, and is known for his commitment to strength training.

References

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