At its meeting today, the Supervisory Board of Deutsche Bank AG has released Dr. Thomas R. Fischer at the latter‘s request and with immediate effect from his appointment, originally due to run until December 31, 2003, as member of the Board of Managing Directors. This separation, which is based on mutual agreement, is connected with divergent opinions on the bank’s new management structure.
Mr. Hermann-Josef Lamberti takes over the functions of Chief Operating Officer (COO). Treasury and Risk Management are taken over provisionally by Dr. Josef Ackermann and Dr. Clemens Börsig respectively.
As part of the implementation of the new management structure, Mr. Jürgen Fitschen and Mr. Michael Philipp assume, with immediate effect, as Global Business Heads direct business responsibility in the Group Divisions Corporate and Investment Bank (CIB) and Private Clients and Asset Management (PCAM). They have been released at their own request from their duties as members of the Group Board. Jürgen Fitschen remains responsible for Transaction Banking and Relationship Management Germany in CIB. Michael Philipp continues to head Asset Management (including Product Development), as well as Wealth Management Services in PCAM.
The Board of Managing Directors will propose to the Supervisory Board at its meeting on March 22, 2002, with the submission of the Annual Financial Statements for 2001, a dividend of € 1.30 per share unchanged on the previous year.