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The asset management firm has revealed a new CEO will be heading up its Australian operations.
Lidia Tomova has been appointed to the role, which was effective 1 March of this year, according to a report.
Tomova is also to be appointed as chairperson of DWS Investments Australia Limited (DIAL), pending regulatory approval, and is set to continue in her role as head of coverage of Australia and New Zealand for the firm.
DWS said the leadership appointment follows Tomova’s tenure of 20 years with the asset manager and Deutsche Bank across Australia and the UK.
Moving forward, Tomova will be responsible for shaping the growth strategy of DWS Australia in which she will utilise her in-depth knowledge of both the global franchise and the local market to foster connections between the Australian team and the DWS global market.
“I am excited and ready to take on a leadership role to grow DWS’ footprint in Australia. We see many opportunities for Australian clients to leverage the firm’s global investment expertise, research knowledge capability and client coverage,” she commented.
“My team and I look forward to forging more partnerships with investors locally,” stated Tomova.
Vanessa Wang, head of APAC and head of coverage, APAC, stated the firm is “delighted to announce Lidia’s appointment as CEO of DWS Australia and chairperson of DWS Investments Australia Limited”.
“Lidia’s leadership, experience and vision will be instrumental in driving our strategic objectives and enhancing the value we deliver to our clients and stakeholders in the local market,” Wang shared.
Tomova succeeds Chris Robinson’s tenure in the top role, with Robinson continuing to lead the liquid real assets business in the Asia-Pacific region as head of real estate securities, APAC.
In honouring the leadership of the business and contributions to date, Wang said: “Chris has played a key role in establishing and building our network and client reach in Australia over the years.”
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