The group has created independent wealth management units for Western Europe, Eastern Europe and the Middle East. This will come with 500 layoffs among the 23,000 worldwide wealth management employees.
Climate change and sustainability investing are the core themes of Larry Fink's 2020 letters to investors and firms' chief executive officers.
Even so, hedge funds were less profitable last year than the equity markets and have still not recovered from the 2009 crisis.
The boom in big data collection and analysis has led managers to adapt their investment practices.
The Court of Justice of the European Union is to give a preliminary ruling in a case opposing the asset manager branch in the United Kingdom to the British tax agency HMRC before the local upper tribunal's tax and chancery chamber.
A shareholder resolution for the next general meeting is calling on the UK bank to exit fossil fuels, of which it is currently the top European financier.
The €39bn French asset manager is relocating its US offshore and Latin America operations to Madrid.
DWS Group has acquired a minority stake of 24.9% in UK-based Arabesque AI.
Tens of demonstrators on 7 January occupied the building sheltering the US manager's offices in the French capital.
Research and consulting firm KPMG surveyed 72 top executives from asset managers based in over 20 countries for its "Getting digital right" report.