Deutsche Bank announced today that effective January 1, 2014, Thomas Poppensieker (43) will join Deutsche Bank to lead the Bank´s efforts to further strengthen its control framework across business divisions and infrastructure functions.
Poppensieker will be based in Frankfurt and report to the Co-Chairmen of the Management Board (Co-CEOs), Jürgen Fitschen and Anshu Jain. He joins from McKinsey & Company, where he is a Director and leads the Risk Management Practice in Germany, the European Banking Risk Practice and the Market & Trading Risk Service Line.
Further strengthening the control framework is a core element of Deutsche Bank´s Strategy 2015+. In this newly created position, Poppensieker will be responsible for implementing this programme.
Jürgen Fitschen and Anshu Jain, Co-Chairmen of the Management Board (Co-CEOs), said: “We are pleased that Thomas Poppensieker will join Deutsche Bank to further strengthen our control framework, which is a vital component of our Strategy 2015+. Thomas is a recognized expert with an excellent track record in risk management and regulation.”
Poppensieker brings several years of experience in advising banks on risk management and control projects to the Bank. He is a member of the Executive Board of the Frankfurt Institute of Risk Management and Regulation and, as a member of the Group of Experts in Banking Issues, advised the European Commission on new banking regulation including Basel III. He has an MBA from the University of Bayreuth and a PhD in Finance from the University of Cologne.
For further information, please contact:
Deutsche Bank AG
Press and Media Relations
Phone: +49 69 910 38664
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
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 15 April 2013 under the heading “Risk Factors.” Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir