Asset Management

DWS loses two executives to Audax

The Boston-based firm is among several private-equity firms staffing up to build a secondary fund strategy

Audax Group has hired two DWS Group executives to help build out a new strategy to invest in secondhand stakes of private equity assets, according to people familiar with the matter.

Kumber Husain, managing director and head of Americas for the private-equity secondary business at DWS, and Daniel Green, managing director and head of the firm’s Europe, Middle East and Africa regions, are joining the Boston-based private equity firm, the people said. Audax has made several other offers to build out the team, these people said.

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