Sharon Tan has been with DWS for more than a decade (Image: DWS)
DWS has promoted Sharon Tan to head of its Singapore business, according to a recent announcement by the asset management affiliate of Germany’s Deutsche Bank.
Having spent more than a decade with the Frankfurt-based finance firm, Tan has been named country officer of DWS Singapore and chief executive of DWS Investments Singapore Limited, with the company tying the upgrade to the rising importance of its operations in the Southeast Asian commercial hub.
“Sharon’s deep industry knowledge, leadership, and unwavering commitment to our clients will be key to expanding our presence across APAC,” said Vanessa Wang, head of Asia Pacific and head of coverage for APAC. “This appointment reflects the importance of our Singapore business and we Iook forward to DWS’ continued growth in the region.”
Tan takes on her new responsibilities while continuing to serve in her existing roles as chief operating officer for APAC client coverage and head of Asia Pacific business development with DWS, according to the statement.
Quarter-Century of Experience
Tan first joined DWS in 2014 as a managing director heading up the company’s business with private banks and intermediaries, according to the statement, where she led sales and business development efforts.
DWS recently renewed CEO Stefan Hoops’ contract through 2028 (Image: DWS)
In 2017, Tan was given additional responsibilities as APAC head of client servicing and implementation before being appointed as chief operating officer for APAC client coverage in 2020. In 2021, she was given the additional role of head of Asia Pacific business development.
Prior to signing up with the Deutsche Bank unit, the finance veteran spent a decade with the institutional client servicing and private bank sales team for Asia (excluding Japan) at Goldman Sachs Asset Management.
Tan began her career in transaction advisory with big four accounting firm Ernst & Young.
Record Revenues
DWS gave Tan her upgrade after the asset manager achieved record results in 2024, including boosting net revenue to euros 2.77 billion ($3.15 billion) for the year, up 6 percent from the preceding 12 months, according to a statement.
The company’s net income attributable to shareholders rose to euros 655 million in 2024, up 19 percent from a year earlier. For 2025, DWS is predicting further growth, with the company now targeting earnings per share growth of 10 percent annually in 2026 and 2027.
In the fourth quarter DWS chief executive Stefan Hoops had his contract renewed through 2028 and the company appointed Vincenzo Vedda as global chief investment officer.
In addition to Tan’s promotion in Singapore, DWS recently gave Heidi Sum the new role of global head of product specialists with the liquid real assets unit of the company’s alternatives division, in addition to the duties which she took on four years ago as head of product with the investment manager.
Leave a Reply