 "Deutsche Bank")
Not yet six months into his job as chief executive officer of Deutsche Bank AG’s asset manager, Asoka Woehrmann visited offices across the globe and rehired a former star manager to boost morale. This week, he took more painful measures, firing dozens and more cuts are likely, people familiar with the matter said.
But as Woehrmann toils away at restoring growth and profitability at DWS Group, one question looms large over the 53-year-old: How long can his roughly $750 billion firm continue on its own in an industry that’s dealing with massive pressure on margins, and where $1 trillion and more
