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Deutsche’s DWS Abandons IT Plan to Cut Costs

Deutsche Bank AG’s investment division is expected to abandon significant sections of a major IT overhaul due to project delays and cost overruns. DWS Group, under the leadership of CEO Stefan Hoops, is in discussions on adapting the project named Proteus, resulting in a scaled-back approach.

DWS Group’s Presence Shines at Frankfurt Stock Exchange, Amidst IT Project Adaptation. PHOTO: DWS/Shutterstock

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