Media Release
Frankfurt am Main, November 11, 2025
Deutsche Bank’s David Lynne to retire after 30 years / Ole Matthiessen appointed Global Co-Head of the Corporate Bank
Deutsche Bank announced today that David Lynne has informed the firm of his intention to retire. He has been with the firm for 30 years, most recently as Co-Head of the Corporate Bank.
As Lynne’s successor, the bank has appointed Ole Matthiessen as Co-Head of the Corporate Bank, effective 1 January 2026. Currently based in Singapore, Matthiessen - a German native - will return to Frankfurt and will partner with Michael Diederich to jointly lead the division. Matthiessen will also become a member of the Group Management Committee. He will report to Fabrizio Campelli, Management Board Member and Head of Corporate Bank and Investment Bank.
Since joining Deutsche Bank in 2008, Matthiessen has held a range of roles across the bank in Frankfurt, London and Singapore, starting in FX structuring within Fixed Income and Currencies (FIC). He was appointed Global Head of FX Structuring in 2017, before taking on the role of Global Head of Cash Management in 2019, and the additional role as Head of Corporate Bank for Asia-Pacific, Middle East and Africa in 2022. Matthiessen has been a member of the Corporate Bank Executive Committee for almost seven years.
Diederich will focus on driving the growth of the Corporate Bank in Germany, the UK and Ireland, and Europe more broadly, while Matthiesen will focus on growth and global connectivity with clients across Asia Pacific, the Middle East and Africa, and the Americas. This setup underscores Deutsche Bank’s Global Hausbank ambition to be the first point of contact for both local and global companies, in particular in Germany and Europe – from upper mid-sized businesses to multinational industrial groups.
“Since joining us in 1995, David has shown true dedication to Deutsche Bank – starting in FIC and eventually leading our Corporate Bank, he has prioritised our clients’ needs and embraced technology to drive progress at every turn. His leadership has reflected the values of our Global Hausbank and he will leave a lasting impact on our organization,” said Christian Sewing, CEO. “I look forward to seeing Michael and Ole build on this success and continue to advance our Corporate Bank.”
“Under David’s leadership of the Corporate Bank over the past three years, revenues have grown by around 20 percent, creating a solid foundation for us to now embark on the next phase of our growth. David has been a steadfast pillar of our organization and a true partner. I would like to thank him for his commitment to the bank and his exceptional contributions over the years,” said Fabrizio Campelli.
“As the largest bank in Europe’s largest economy, we are uniquely positioned to seize the significant opportunities presented by the growth of Germany and Europe. To capitalize on this, we are re-positioning the centre of gravity for our Corporate Bank around our home market, with leaders who will operate both locally and globally. I am therefore delighted to announce Ole as a strong successor for David from within our own team. Ole has made a significant impact in his 17 years at Deutsche Bank. He has been a major driver of innovation and led our fastest growing business within the Corporate Bank, having expanded our Cash Management franchise around the world over the past six years. The combined leadership and coverage capability that Michael and Ole will provide establishes the Corporate Bank perfectly for the next chapter of our Global Hausbank strategy.”
David Lynne said: “At the end of my third decade at Deutsche Bank and third year leading the Corporate Bank, this is the right time for me to hand over the leadership. I would like to thank my clients and colleagues for their partnership and commitment over the past 30 years. I am confident that our Corporate Bank will be in the strongest hands, and I look forward to working with Ole and Michael to ensure a smooth transition and to watching them and our talented global team continue to drive this great business forwards.”
Ole Matthiessen added: “In my conversations with clients worldwide, they share the same priorities for a partner: global reach, integrated solutions and trusted expertise. To deliver, we need to tap both our local and global network, bring our diverse business mix to the table and offer unmatched expertise across every area we serve. I am grateful to David for his strong leadership and guidance over the years, and honoured to partner with Michael to lead the Corporate Bank, at the heart of our Global Hausbank strategy, and play a pivotal role in delivering the whole bank to our clients.”
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.
Forward-looking statements
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 13 March 2025 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir
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Deutsche Bank announced today that David Lynne has informed the firm of his intention to retire. He has been with the firm for 30 years, most recently as Co-Head of the Corporate Bank.
As Lynne’s successor, the bank has appointed Ole Matthiessen as Co-Head of the Corporate Bank, effective 1 January 2026. Currently based in Singapore, Matthiessen - a German native - will return to Frankfurt and will partner with Michael Diederich to jointly lead the division. Matthiessen will also become a member of the Group Management Committee. He will report to Fabrizio Campelli, Management Board Member and Head of Corporate Bank and Investment Bank.
Since joining Deutsche Bank in 2008, Matthiessen has held a range of roles across the bank in Frankfurt, London and Singapore, starting in FX structuring within Fixed Income and Currencies (FIC). He was appointed Global Head of FX Structuring in 2017, before taking on the role of Global Head of Cash Management in 2019, and the additional role as Head of Corporate Bank for Asia-Pacific, Middle East and Africa in 2022. Matthiessen has been a member of the Corporate Bank Executive Committee for almost seven years.
Diederich will focus on driving the growth of the Corporate Bank in Germany, the UK and Ireland, and Europe more broadly, while Matthiesen will focus on growth and global connectivity with clients across Asia Pacific, the Middle East and Africa, and the Americas. This setup underscores Deutsche Bank’s Global Hausbank ambition to be the first point of contact for both local and global companies, in particular in Germany and Europe – from upper mid-sized businesses to multinational industrial groups.
“Since joining us in 1995, David has shown true dedication to Deutsche Bank – starting in FIC and eventually leading our Corporate Bank, he has prioritised our clients’ needs and embraced technology to drive progress at every turn. His leadership has reflected the values of our Global Hausbank and he will leave a lasting impact on our organization,” said Christian Sewing, CEO. “I look forward to seeing Michael and Ole build on this success and continue to advance our Corporate Bank.”
“Under David’s leadership of the Corporate Bank over the past three years, revenues have grown by around 20 percent, creating a solid foundation for us to now embark on the next phase of our growth. David has been a steadfast pillar of our organization and a true partner. I would like to thank him for his commitment to the bank and his exceptional contributions over the years,” said Fabrizio Campelli.
“As the largest bank in Europe’s largest economy, we are uniquely positioned to seize the significant opportunities presented by the growth of Germany and Europe. To capitalize on this, we are re-positioning the centre of gravity for our Corporate Bank around our home market, with leaders who will operate both locally and globally. I am therefore delighted to announce Ole as a strong successor for David from within our own team. Ole has made a significant impact in his 17 years at Deutsche Bank. He has been a major driver of innovation and led our fastest growing business within the Corporate Bank, having expanded our Cash Management franchise around the world over the past six years. The combined leadership and coverage capability that Michael and Ole will provide establishes the Corporate Bank perfectly for the next chapter of our Global Hausbank strategy.”
David Lynne said: “At the end of my third decade at Deutsche Bank and third year leading the Corporate Bank, this is the right time for me to hand over the leadership. I would like to thank my clients and colleagues for their partnership and commitment over the past 30 years. I am confident that our Corporate Bank will be in the strongest hands, and I look forward to working with Ole and Michael to ensure a smooth transition and to watching them and our talented global team continue to drive this great business forwards.”
Ole Matthiessen added: “In my conversations with clients worldwide, they share the same priorities for a partner: global reach, integrated solutions and trusted expertise. To deliver, we need to tap both our local and global network, bring our diverse business mix to the table and offer unmatched expertise across every area we serve. I am grateful to David for his strong leadership and guidance over the years, and honoured to partner with Michael to lead the Corporate Bank, at the heart of our Global Hausbank strategy, and play a pivotal role in delivering the whole bank to our clients.”
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.
Forward-looking statements
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 13 March 2025 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir
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