Media Release
Frankfurt am Main, March 25, 2022
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The Supervisory Board of Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB) has appointed James von Moltke as President of Deutsche Bank alongside Karl von Rohr, who has been in this role since 2018. Von Moltke, who takes up the new position immediately, will also continue to serve as CFO.
“James von Moltke has done outstanding work as a CFO over the past five years and has played an important role in the successful transformation of Deutsche Bank,” said Paul Achleitner, Chairman of the Supervisory Board. “The Management Board is now well placed for the next strategic phase of Deutsche Bank.”
Christian Sewing, Deutsche Bank’s CEO, said: “This gives us the right governance structure to succeed in the long term in this time of increasing complexity and volatility. I am looking forward to implementing our growth strategy with our strong global management team.”
Von Moltke has been Chief Financial Officer and Member of the Management Board since July 2017. Before joining Deutsche Bank, he served as Treasurer of Citigroup. He started his career at Credit Suisse First Boston in London in 1992. In 1995, he joined J.P. Morgan, working at the bank for 10 years in New York and Hong Kong. After working at Morgan Stanley for four years, he joined Citigroup in 2009.
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
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