Deutsche Bank extends CEO's mandate and revamps board in crucial year

Deutsche Bank is transforming its leadership. Although CEO Sewing remains, the number two and the head of the Americas are leaving. The new Executive Board will have to deliver more of everything to shareholders: sales, profits, dividends. The Institute is significantly lower than European competitors.

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Deutsche Bank has announced significant leadership changes as it prepares for the next phase of its growth strategy. The bank has extended CEO Christian Sewing’s contract until April 2029 while removing key executives in a management shake-up. James von Moltke, Deputy CEO and Chief Financial Officer, will leave when his contract expires in June 2026, and Stefan Simon, Chief Legal Officer and CEO of the Americas, will also depart.  The restructur…

Deutsche Bank extends CEO's mandate and revamps board in crucial year

Deutsche Bank has extended CEO Christian Sewing’s contract, while its deputy and another top executive will depart as part of a management revamp, cementing the leadership team of Germany’s largest lender for the next phase of its turnaround.

Two board members are leaving Deutsche Bank. The long-standing CFO James von Molkte is leaving after the expiry of his contract, Chief Legal Officer Stefan Simon at short notice. By contrast, the Supervisory Board extended CEO Christian Sewing's contract early.