Deutsche Bank today announced the appointment of Richard Stewart as Group Treasurer with effect from Monday, September 19. Stewart will also continue in his current role as Head of the Capital Release Unit. He will report to James von Moltke, Chief Financial Officer, in his capacity as Group Treasurer while continuing to report to Rebecca Short, Chief Transformation Officer, in his role as Head of the Capital Release Unit.
“Richard is highly qualified to succeed in his new role, given his experience and achievements in capital and balance sheet management,” James von Moltke, Chief Financial Officer, said. ”He has contributed significantly to the success of Deutsche Bank’s transformation. Under Richard’s leadership, the Capital Release Unit continued to reduce leverage exposure and risk weighted assets, freeing up capital from non-strategic activities, while simultaneously delivering substantial cost reductions.”
Richard Stewart said: “I am privileged to have this opportunity to lead Group Treasury. I look forward to helping the team to build on its successes of the past few years. Treasury has played a vital role in supporting Deutsche Bank’s transformation agenda, delivering capital and balance sheet strength, achieving significant improvements in resource efficiency and cost of funding as well as completing a string of successful capital market issuances. This gives us a strong platform for the future.”
Stewart joined Deutsche Bank in 2006 and was appointed Head of the Capital Release Unit in June 2021. Prior to this he held several senior roles in Market & Valuation Risk Management. His Deutsche Bank experience also includes eight years in Strategic Corporate Lending, where he was Head of Portfolio Risk.
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
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 11 March 2022 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir