A Deutsche Bank executive who led the bank’s asset management arm has resigned amid an investigation by German officials into allegations of greenwashing within the unit’s investment portfolio.

Asoka Woehrmann, chief executive officer of DWS Group, announced his resignation Wednesday, according to a Deutsche Bank press release. His departure will be effective June 9, the day of DWS Group’s annual general meeting, the bank said.

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Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...