The Board of DWS Limited announced that its Chief Executive Officer and Managing Director, Mr. Lachlan Armstrong, has tendered his resignation and will leave DWS on 29 May 2015 to pursue another opportunity in the private equity sector. Danny Wallis, Chairman will resume the position of Chief Executive Officer for the foreseeable future, a position Danny Wallis previously held for 22 years. The Board will commence a search to appoint two new independent directors, one of whom is intended to become the non-executive Chairman.