Deutsche Bank announces leadership changes to support growth strategy

Investing.com -- Deutsche Bank announced changes to its Management Board and Group Management Committee on Thursday to support its Scaling the Global Hausbank strategy.

Stefan Hoops, CEO of Deutsche Bank's asset manager DWS, will join the Group's Management Board effective May 1. Hoops will replace James von Moltke in representing the Asset Management division on the Management Board. Von Moltke will leave the bank when his contract expires at the end of June 2026. Hoops will continue as CEO of DWS, which remains a separately listed legal entity with its own leadership, strategy and governance.

Marie-Jeanne Deverdun has been appointed to the Management Board as Chief Technology, Data and Innovation Officer, also effective May 1. Deverdun will succeed Bernd Leukert, who will leave the bank when his contract expires at the end of June. Deverdun has been with Deutsche Bank for 16 years and held various business and leadership positions, most recently as Chief Operating Officer for the Corporate Bank and Investment Bank.

Brent Phillips, Deutsche Bank's Group Chief Security Officer, will join the Group Management Committee. Phillips joined the bank in 2021.

Alexander Wynaendts, Chairman of the Supervisory Board, said: "Stefan Hoops has achieved strong results at DWS over the past few years and will connect our asset management activities even closer with our other businesses going forward."

Wynaendts said: "The Supervisory Board sincerely thanks Bernd Leukert for his valuable contributions during seven years on the Management Board."

The Supervisory Board appointed Fabrizio Campelli President, effective July 1, when the tenure of the bank's current President, James von Moltke, will end. Campelli will retain his existing roles as Head of the Corporate Bank and Investment Bank and Management Board member responsible for the Americas and UK & Ireland regions.

The Supervisory Board extended the contract of Alexander von zur Mühlen as member of the Management Board and CEO for Asia-Pacific, Middle East and Africa, Europe and Germany. The contract now runs until 2029. The bank previously extended the contract of Claudio de Sanctis, Head of the Private Bank, at the end of last year.

Christian Sewing, Chief Executive Officer, said: "We continue to aim for focused growth and additional efficiencies through a further accelerated implementation of technology including AI across our businesses."

The appointments are subject to regulatory approval.

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