The New Germany Fund, Inc. Announces Portfolio Manager Change

NEW YORK--(BUSINESS WIRE)--The New Germany Fund, Inc. (NYSE: GF) (the “Fund”) announced today that Leon Cappel will replace Philipp Schweneke as the Fund’s deputy portfolio manager effective June 1, 2022. Valerie Schuler will continue to serve as the Fund’s portfolio manager. Mr. Cappel joined the German equity team at DWS in 2019. He received a BSc and MSc in Business Chemistry from Heinrich Heine University Duesseldorf. For more information on the Fund, including the most recent month-end per