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July 15, 2016

Stefan Simon nominated to Deutsche Bank’s Supervisory Board

Frankfurt am Main, 15 July 2016

The Supervisory Board of Deutsche Bank has nominated Stefan Simon (46) to become its new member. It is intended that Mr. Simon will stand for election as a member of the Supervisory Board at the Annual General Meeting on May 18, 2017. Until then, he is to be appointed as a member of the Supervisory Board by court order. The application for this appointment was submitted to the local court in Frankfurt am Main today.

Stefan Simon is a partner at the law firm Flick Gocke Schaumburg in Bonn and an honorary professor at the University of Cologne. The Supervisory Board’s Nomination Committee recommended his nomination following the suggestion of Paramount Services Holdings Ltd. and Supreme Universal Holdings Ltd., two long-term investors in Deutsche Bank. These investors had informed Deutsche Bank that they have increased their respective holdings to just under five percent.

“We are pleased that our Qatari shareholders are banking on the success of Deutsche Bank as shown through their long-term holdings,” said Paul Achleitner, Chairman of the Supervisory Board. “We welcome Stefan Simon, a highly qualified attorney, to the Supervisory Board. He has a great deal of experience in corporate law, corporate governance and compensation oversight.”

Succeeding Georg Thoma as Chair of the Supervisory Board’s Integrity Committee is the U.S. attorney Louise Parent, who has already performed this role on an interim basis since April 2016. “We appreciate very much that Louise Parent will continue to provide her outstanding expertise as the Chair of the Integrity Committee on a permanent basis,” said Achleitner. “We know that these important tasks are in the best of hands with her.”

There will also be a change on the employee representatives’ side of the Supervisory Board. Rudolf Stockem has resigned his position for health reasons, effective July 31, 2016. The employee representatives will appoint a successor for Mr. Stockem in due course.  

For further information please contact:

Deutsche Bank AG
Press & Media Relations

Michael Golden
Phone: +44 20 7545 6469
E-Mail: michael.golden@db.com

Monika Schaller
Phone: +49 69 910 48098
E-Mail: monika.schaller@db.com


About Deutsche Bank

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

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 2016 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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Last Update: July 15, 2016
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