German Prosecutors Review DWS CEO Woehrmann’s Role in Deals

German prosecutors are looking into the relationship between Deutsche Bank AG’s asset management chief and a businessman involved with two companies that the bank and its asset manager took stakes in, according to people familiar with the matter.

The prosecutors -- together with Germany’s federal criminal police office, or BKA -- are probing whether the ties between investor Daniel Wruck and Asoka Woehrmann, DWS Group’s chief executive officer, had any undue impact on business deals, said the people, who asked not to be identified because the matter isn’t public. The investigation is looking at the role Woehrmann ...