Deutsche Bank makes new appointments
20 March Germany
Image: Pormezz/stock.adobe.com
Deutsche Bank is embarking on changes to the Management Board and Group Management Committee, which will support the bank’s scaling of the Global Hausbank strategy, through a series of new appointments.
Stefan Hoops, CEO of Deutsche Bank’s asset manager DWS, has been selected for the Group’s Management Board, effective from 1 May.
He will represent the Asset Management division on the Management Board, succeeding James von Moltke, who will leave the bank at the end of June 2026 when his contract expires.
The bank says appointing Hoops as Management Board member illustrates the importance of asset management within the bank’s focused growth strategy over coming years.
The setup intends to further foster close collaboration between the asset management division and Deutsche Bank’s other businesses.
Marie-Jeanne Deverdun has been chosen as chief technology, data, and innovation officer, for the Management Board, effective from 1 May.
Deverdun replaces Bernd Leukert who will leave the bank when his contract expires at the end of June.
During her 16 years with Deutsche Bank, Deverdun has worked across different business and leadership positions including recently as chief operating officer for the Corporate Bank and Investment Bank.
She has experience integrating technology into business processes, strengthening controls, and driving scalable operating models.
Deverdun will draw on her experience in this role to ensure technology is linked to evolving business priorities and to boost the bank’s AI journey to give targeted growth and operational speed.
Brent Phillips, Deutsche Bank’s group chief security officer will join the Group Management Committee
The firm says the appointment reflects its commitment to placing security, resilience and regulatory integrity at the centre of strategic decision?making.
Since joining the bank in 2021, Phillips has driven advances in how the bank detects and prevents cyber and physical threats, while also fostering a culture of risk awareness.
In addition, the Supervisory Board has appointed Fabrizio Campelli as president, effective 1 July, when the bank’s current president, James von Moltke’s tenure ends.
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 and Ireland regions.
After the bank decided at the end of last year to extend the contract of Claudio de Sanctis, head of the Private Bank, the Supervisory Board has also 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.
Both contracts now run until 2029.
Alexander Wynaendts, chairman of the Supervisory Board, notes: “Today’s decisions ensure an even closer alignment of the bank’s leadership with its strategic priorities. We underscore the significance of our asset management business as one of the cornerstones of our Global Hausbank model.
“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. We are also strengthening the connection between our client-facing business and technology function.
“With her business experience and process expertise, Marie-Jeanne Deverdun is well positioned to accelerate business-focused innovation and significantly elevate the client experience across all divisions. The Supervisory Board sincerely thanks Bernd Leukert for his valuable contributions during seven years on the Management Board.
Wynaendts continues: “As head of the Corporate Bank and Investment Bank, Fabrizio Campelli has successfully driven business growth, value creation and cross-divisional collaboration over the past years and brings a wealth of experience to the President role. By extending Claudio de Sanctis’s and Alexander von zur Mühlen’s contracts, we emphasise the importance of the businesses and regions they represent for Deutsche Bank.
“Claudio has substantially improved the Private Bank’s profitability, managed a successful turnaround of the Personal Banking business in Germany and driven the expansion of our global Wealth Management business while Alex has been very effective in leveraging our leading position in our home market and connecting clients and investors between Europe and important growth regions in Asia and the Middle East.”
Stefan Hoops, CEO of Deutsche Bank’s asset manager DWS, has been selected for the Group’s Management Board, effective from 1 May.
He will represent the Asset Management division on the Management Board, succeeding James von Moltke, who will leave the bank at the end of June 2026 when his contract expires.
The bank says appointing Hoops as Management Board member illustrates the importance of asset management within the bank’s focused growth strategy over coming years.
The setup intends to further foster close collaboration between the asset management division and Deutsche Bank’s other businesses.
Marie-Jeanne Deverdun has been chosen as chief technology, data, and innovation officer, for the Management Board, effective from 1 May.
Deverdun replaces Bernd Leukert who will leave the bank when his contract expires at the end of June.
During her 16 years with Deutsche Bank, Deverdun has worked across different business and leadership positions including recently as chief operating officer for the Corporate Bank and Investment Bank.
She has experience integrating technology into business processes, strengthening controls, and driving scalable operating models.
Deverdun will draw on her experience in this role to ensure technology is linked to evolving business priorities and to boost the bank’s AI journey to give targeted growth and operational speed.
Brent Phillips, Deutsche Bank’s group chief security officer will join the Group Management Committee
The firm says the appointment reflects its commitment to placing security, resilience and regulatory integrity at the centre of strategic decision?making.
Since joining the bank in 2021, Phillips has driven advances in how the bank detects and prevents cyber and physical threats, while also fostering a culture of risk awareness.
In addition, the Supervisory Board has appointed Fabrizio Campelli as president, effective 1 July, when the bank’s current president, James von Moltke’s tenure ends.
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 and Ireland regions.
After the bank decided at the end of last year to extend the contract of Claudio de Sanctis, head of the Private Bank, the Supervisory Board has also 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.
Both contracts now run until 2029.
Alexander Wynaendts, chairman of the Supervisory Board, notes: “Today’s decisions ensure an even closer alignment of the bank’s leadership with its strategic priorities. We underscore the significance of our asset management business as one of the cornerstones of our Global Hausbank model.
“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. We are also strengthening the connection between our client-facing business and technology function.
“With her business experience and process expertise, Marie-Jeanne Deverdun is well positioned to accelerate business-focused innovation and significantly elevate the client experience across all divisions. The Supervisory Board sincerely thanks Bernd Leukert for his valuable contributions during seven years on the Management Board.
Wynaendts continues: “As head of the Corporate Bank and Investment Bank, Fabrizio Campelli has successfully driven business growth, value creation and cross-divisional collaboration over the past years and brings a wealth of experience to the President role. By extending Claudio de Sanctis’s and Alexander von zur Mühlen’s contracts, we emphasise the importance of the businesses and regions they represent for Deutsche Bank.
“Claudio has substantially improved the Private Bank’s profitability, managed a successful turnaround of the Personal Banking business in Germany and driven the expansion of our global Wealth Management business while Alex has been very effective in leveraging our leading position in our home market and connecting clients and investors between Europe and important growth regions in Asia and the Middle East.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
