Deutsche Bank appoints Marie-Jeanne Deverdun and Stefan Hoops to the Management Board – Fabrizio Campelli appointed President – Contracts of Claudio de Sanctis and Alexander von zur Mühlen extended

Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) has decided on changes to the Management Board and Group Management Committee which will support the bank’s Scaling the Global Hausbank strategy.

Stefan Hoops, in his role as CEO of Deutsche Bank’s asset manager DWS, will be appointed to the Group’s Management Board, effective May 1. The Asset Management division had been represented on the Management Board by James von Moltke who, as previously announced, will leave the bank when his contract expires at the end of June 2026. Appointing Hoops as a Management Board member reflects the importance of asset management within the bank’s focused growth strategy over the coming years. DWS has a strong footprint in Deutsche Bank’s home market of Germany, and its Gateway to Europe strategy is consistent with the Group’s priority to facilitate client business both out of and into Europe. The new setup will also help further foster the close collaboration between the asset management division and Deutsche Bank’s other businesses. Hoops will remain the CEO of DWS, which continues to be a separately listed legal entity with its own leadership, strategy and governance.

Marie-Jeanne Deverdun has been appointed to the Management Board as Chief Technology, Data and Innovation Officer, also effective May 1. She will succeed Bernd Leukert who will leave the bank when his contract expires at the end of June. Deverdun has been with Deutsche Bank for 16 years and held various business and leadership positions, most recently as Chief Operating Officer for the Corporate Bank and Investment Bank. With a proven track record of integrating technology into business processes, strengthening controls and driving scalable operating models, she is uniquely positioned to continue the bank’s technology transformation. Deverdun will ensure technology is aligned to evolving business priorities and to accelerating the bank’s AI journey to deliver focused growth and operational efficiency.

Reflecting the bank’s commitment to placing security, resilience and regulatory integrity at the centre of strategic decision‑making, Brent Phillips, Deutsche Bank’s Group Chief Security Officer, will join the Group Management Committee (GMC). Since joining the bank in 2021, Phillips has driven major advances in how the bank detects and prevents cyber and physical threats, while also fostering a stronger culture of risk awareness.

“Today’s decisions ensure an even closer alignment of the bank’s leadership with its strategic priorities,” said Alexander Wynaendts, Chairman of the Supervisory Board. “We underscore the significance of our asset management business as one of the cornerstones of our Global Hausbank model. Stefan Hoops has achieved strong results at DWS over the past few years and will connect our asset management activities even closer with our other businesses going forward. We are also strengthening the connection between our client-facing business and technology function. With her business experience and process expertise, Marie-Jeanne Deverdun is well positioned to accelerate business-focused innovation and significantly elevate the client experience across all divisions.”

Wynaendts continued: “The Supervisory Board sincerely thanks Bernd Leukert for his valuable contributions during seven years on the Management Board. He has been instrumental in stabilising Deutsche Bank’s technology environment, strengthening controls and driving modernisation. By migrating key applications to the cloud and driving an engineering culture, Bernd Leukert has set important foundations for the bank to benefit from AI.”

Furthermore, the Supervisory Board decided to appoint Fabrizio Campelli President, effective July 1, when the tenure of the bank’s current President, James von Moltke, will end. Campelli will retain his existing roles as Head of the Corporate Bank and Investment Bank and Management Board member responsible for the Americas and UK & Ireland regions.

Following the decision at the end of last year to extend the contract of Claudio de Sanctis, Head of the Private Bank, the Supervisory Board also extended the contract of Alexander von zur Mühlen as member of the Management Board and CEO for Asia-Pacific, Middle East and Africa, Europe and Germany. Both contracts now run until 2029.

Wynaendts said: “As Head of the Corporate Bank and Investment Bank, Fabrizio Campelli has successfully driven business growth, value creation and cross-divisional collaboration over the past years and brings a wealth of experience to the President role. By extending Claudio de Sanctis’s and Alexander von zur Mühlen’s contracts, we emphasize the importance of the businesses and regions they represent for Deutsche Bank. Claudio has substantially improved the Private Bank’s profitability, managed a successful turnaround of the Personal Banking business in Germany and driven the expansion of our global Wealth Management business while Alex has been very effective in leveraging our leading position in our home market and connecting clients and investors between Europe and important growth regions in Asia and the Middle East.”

Christian Sewing, Chief Executive Officer, added: “With these appointments and extensions, Deutsche Bank’s management team is set up extremely well for the next phase in our bank’s evolution. We continue to aim for focused growth and additional efficiencies through a further accelerated implementation of technology including AI across our businesses.”

As usual, these appointments are subject to regulatory approval.