Bloomberg Law
March 17, 2023, 12:49 PM

Deutsche Bank Awarded Ex-DWS CEO Woehrmann $15 Million Last Year

Steven Arons
Steven Arons
Bloomberg News

Asoka Woehrmann was awarded almost $15 million last year when he resigned from his role as chief executive officer at Deutsche Bank AG’s asset management arm DWS Group after a raid on the firm’s headquarters.

That likely made him the German lender’s best-paid employee.

Woehrmann received €5.57 million in fixed pay and bonuses for last year, as well as a severance payment of €8.15 million, according to DWS’s annual report published Friday. That took his total to €13.72 ($14.57 million), though most of the severance is subject to potential clawbacks and will be paid out over a five-year period. ...