Deutsche Bank's (XETRA: DBKGn.DE / NYSE: DB) Management Board
announced today that it will expand the Group Executive
Committee (GEC) from 12 to 18 members, effective June 1,
2012. The GEC's members will be:
Jürgen Fitschen (63), designated Co-Chairman of the
Management Board and the GEC;
Anshu Jain (49), designated Co-Chairman of the Management
Board and the GEC;
Stefan Krause (49), Chief Financial Officer and a Member of
the Management Board;
Rainer Neske (47), Head of Private & Business Clients and a
Member of the Management Board;
Stephan Leithner (45), designated Human Resources, Legal and
Compliance Head; CEO of Europe (ex Germany and UK); and a
Member of the Management Board;
Stuart Lewis (46), designated Chief Risk Officer and a Member
of the Management Board;
Henry Ritchotte (48), designated Chief Operating Officer and
a Member of the Management Board;
Gunit Chadha (50), designated Co-CEO of Asia Pacific;
Alan Cloete (49), designated Co-CEO of Asia Pacific;
Michele Faissola (43), designated Head of Asset & Wealth
Management;
Colin Fan (39), designated Co-Head of Corporate Banking &
Securities and Head of Sales & Trading;
David Folkerts-Landau (62), Head of Research;
Colin Grassie (50), CEO of the United Kingdom;
Robert Rankin (48), designated Co-Head of Corporate Banking &
Securities and Head of Corporate Finance;
Christian Ricken (45), Chief Operating Officer of Private &
Business Clients;
Werner Steinmüller (57), Head of Global Transaction Banking;
and
Richard Walker (61), General Counsel.
The Bank plans in due course to appoint a successor to Seth
Waugh, outgoing CEO of the Americas, who, like him, will be a
GEC member.
Current GEC members Kevin Parker, Head of Asset Management,
and Pierre de Weck, Head of Private Wealth Management, will
stand down as GEC members, on May 31, 2012, the day of the
Annual General Meeting.
Josef Ackermann, Chairman of the Management Board and the
Group Executive Committee of Deutsche Bank, said: "Together
with my colleagues, I am deeply grateful to Pierre and Kevin
for their longstanding service to our bank and their
outstanding contributions to its success. Pierre has built a
world-class Private Wealth Management. Kevin has greatly
developed our Asset Management over the years and turned it
into an increasingly profitable business. I wish both all the
best for the future."
Jürgen Fitschen and Anshu Jain, designated Co-Chairmen of the
Management Board and the Group Executive Committee of
Deutsche Bank, said: "By expanding the Group Executive
Committee, we are bringing together a broad team of leaders
from our businesses, regions and infrastructure functions at
one shared table. This new generation of long-serving
managers reflects the Bank's growth and evolution over the
past decade. Our team's collective mission will be to serve
the best interests of the Bank and all of its many important
stakeholders."
For further information, please call:
Deutsche Bank AG
Press & Media Relations
Phone: +49 69 910 43800 (Frankfurt)
db.presse@db.com
Investor Relations
+49 69 910 35395 (Frankfurt)
+1 212 250 1540 (New York)
db.ir@db.com
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a
substantial private clients franchise. Its businesses are
mutually reinforcing. A leader in Germany and Europe, the
bank is continuously growing in North America, Asia and key
emerging markets. With more than 100,000 employees in 72
countries, Deutsche Bank offers unparalleled financial
services throughout the world. The bank competes to be the
leading global provider of financial solutions, creating
lasting value for its clients, shareholders, people and the
communities in which it operates.
www.db.com
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 March 2011
under the heading "Risk Factors.
www.deutsche-bank.com/ir.
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