Deutsche Bank announced today the appointment of Sir Richard Lambert as a senior independent adviser.
As an adviser Sir Richard will provide guidance on developments and themes in financial markets that impact the Bank’s clients. He will provide counsel to the Office of the UK CEO on industry challenges that will help Deutsche Bank adapt to a new regulatory environment.
Sir Richard will also advise on Deutsche Bank’s Corporate Citizenship UK programme, which works with more than 70 charities. Deutsche Bank regards corporate social responsibility as an investment in society and its own future and is among the UK’s most active corporate citizens.
Colin Grassie, Deutsche Bank’s Chief Executive Officer, UK, said: “We are delighted to welcome Sir Richard to Deutsche Bank. As a senior independent adviser, he will help ensure Deutsche Bank remains the industry’s leading universal bank and a trusted adviser to the UK’s leading companies.”
Commenting on his appointment, Sir Richard said: “I am very pleased to serve as an independent adviser to Deutsche Bank, which has committed itself to a culture that aligns risks and rewards; attracts and develops talented individuals; fosters teamwork and partnership; and is sensitive to the society in which it operates.”
Sir Richard was Director General of the CBI from 2006 until 2011. After studying history at Oxford, he spent 35 years at the Financial Times, including 10 years as Editor, and launched the title in the US.
On his departure, he joined the Monetary Policy Committee of the Bank of England and wrote reports for the Government on BBC News 24 as well as on the relationship between higher education and business.
He is also Chancellor of the University of Warwick, Lead Non Executive at the Foreign Office, and an Independent Non-Executive of Ernst & Young.
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About Deutsche Bank, UK
Deutsche Bank’s presence in the UK dates back to 1873, when it opened a branch in London. Today, more than 8,000 people work for Deutsche Bank in the UK. With more than 7,000 London-based employees, Deutsche Bank is one of the largest employers in the Square Mile. Deutsche Bank also operates from offices in six other cities in the United Kingdom, including Birmingham where it has one of the city’s fastest growing businesses.
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By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 20 March 2012 under the heading “Risk Factors.” Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir.
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