Deutsche Bank announced a series of senior leadership changes intended to bolster execution of its Scaling the Global Hausbank strategy. The bank said the moves affect its Management Board and Group Management Committee and will take effect in stages beginning May 1.
Effective May 1, Stefan Hoops - the chief executive officer of Deutsche Bank's asset manager DWS - will become a member of the Group's Management Board. Hoops will take over the role of representing the Asset Management division on the Management Board from James von Moltke. Von Moltke will leave the bank when his contract expires at the end of June 2026. Deutsche Bank noted that Hoops will remain CEO of DWS, which will continue to operate as a separately listed legal entity with its own leadership, strategy and governance.
Also effective May 1, Marie-Jeanne Deverdun will join the Management Board as Chief Technology, Data and Innovation Officer. She will succeed Bernd Leukert, who will leave the bank when his contract expires at the end of June. Deverdun has worked at Deutsche Bank for 16 years and has held a range of business and leadership roles. Most recently she served as Chief Operating Officer for the Corporate Bank and Investment Bank.
Separately, Brent Phillips, who is the bank's Group Chief Security Officer, will join the Group Management Committee. Phillips initially joined Deutsche Bank in 2021.
Commenting on the appointments, 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 added: "The Supervisory Board sincerely thanks Bernd Leukert for his valuable contributions during seven years on the Management Board."
The Supervisory Board also resolved changes to the bank's presidential role. Fabrizio Campelli has been appointed President, effective July 1, coinciding with the end of James von Moltke's tenure as President. Campelli will retain his current responsibilities as Head of the Corporate Bank and Investment Bank and his Management Board responsibilities for the Americas and UK & Ireland regions.
In addition to these appointments, the Supervisory Board extended the contract of Alexander von zur Mühlen in his capacity as a member of the Management Board and CEO for Asia-Pacific, Middle East and Africa, Europe and Germany. That contract now runs until 2029. The bank also noted that it previously extended the contract of Claudio de Sanctis, Head of the Private Bank, at the end of last year.
Christian Sewing, Chief Executive Officer, framed the changes as supporting growth and efficiency improvements, saying: "We continue to aim for focused growth and additional efficiencies through a further accelerated implementation of technology including AI across our businesses."
The bank said the appointments are subject to regulatory approval.