DWS Group acquires stake in Neo Technologies from NBK.

DWS Group acquires stake in Neo Technologies, a financial technology company, from NBK Capital. Financial terms were not disclosed. “By investing into this platform, we further underline our growth commitment into digitization and technology as communicated in the course of our IPO. Neo Technologies enables DWS to obtain further presence in a region with high growth rates in asset management”, said Thorsten Michalik, Member of the Board and Co-Head of DWS’ Global Coverage Group, responsible for the asset manager’s distribution in EMEA and APAC.