Volker Steuer appointed as Head of Human Resources
Deutsche Bank has announced the appointment of Volker Steuer as Head of Human Resources, effective immediately. Steuer will continue to report to Rebecca Short, Member of the Management Board and Group Chief Operating Officer, and be based in Frankfurt.
“Our workforce will need to evolve along with our transformation and our HR function will play a central role in achieving this,” said Rebecca Short. “In a field of outstanding internal and external candidates, Volker Steuer stood out for his extensive experience across HR and his deep understanding of Deutsche Bank and our home market. I have been impressed by his vision and energy and look forward to working with him to focus on where HR can deliver the most value to our partners in the bank.”
Steuer joined Deutsche Bank as an apprentice and has assumed a number of leadership positions at the bank in a career spanning more than 30 years. These include HR Business Partner for our businesses, infrastructure functions and Germany, as well as Head of Labour Relations. He was most recently Head of HR Germany and HR Business Partner for the Private Bank, as well as co-leading our HR function on an interim basis.
“It is an honour and a privilege to become Head of HR for our iconic institution and lead this function and our people strategy through the next phase of the bank’s transformation,” said Volker Steuer. “The workplace and the expectations of our clients are shifting, and we have a responsibility to support and enable our employees to perform at their best. We want Deutsche Bank to continue to be a destination and home for exceptional and motivated people.”
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 17 March 2023 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 has announced the appointment of Volker Steuer as Head of Human Resources, effective immediately. Steuer will continue to report to Rebecca Short, Member of the Management Board and Group Chief Operating Officer, and be based in Frankfurt.
“Our workforce will need to evolve along with our transformation and our HR function will play a central role in achieving this,” said Rebecca Short. “In a field of outstanding internal and external candidates, Volker Steuer stood out for his extensive experience across HR and his deep understanding of Deutsche Bank and our home market. I have been impressed by his vision and energy and look forward to working with him to focus on where HR can deliver the most value to our partners in the bank.”
Steuer joined Deutsche Bank as an apprentice and has assumed a number of leadership positions at the bank in a career spanning more than 30 years. These include HR Business Partner for our businesses, infrastructure functions and Germany, as well as Head of Labour Relations. He was most recently Head of HR Germany and HR Business Partner for the Private Bank, as well as co-leading our HR function on an interim basis.
“It is an honour and a privilege to become Head of HR for our iconic institution and lead this function and our people strategy through the next phase of the bank’s transformation,” said Volker Steuer. “The workplace and the expectations of our clients are shifting, and we have a responsibility to support and enable our employees to perform at their best. We want Deutsche Bank to continue to be a destination and home for exceptional and motivated people.”
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 17 March 2023 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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