DWS announced the appointment of Paul M. Kelly as Global Head of its EUR 126 billion Alternatives franchise. Paul will join DWS from Blackstone where he was a Senior Managing Director and Chief Operating Officer of the Credit division and was a key partner in driving growth in the franchise across direct lending, insurance, and other private credit strategies. Paul has more than three decades of experience in finance and public and private market investing. Prior to Blackstone, Paul spent nearly 20 years at JPMorgan in a variety of
leadership positions, and he started his career in equities trading at Bear Stearns. Paul will report directly to DWS CEO Stefan Hoops. All Alternatives investment businesses will report into Paul and together with the Alternatives leadership team, he will be responsible for delivering a cohesive cross-product global strategy, and accelerating expansion of the business through organic and inorganic measures. He will join DWS in February 2023 and will be based in New York.