By Pietro Lombardi 
 

Juerg Zeltner has been nominated to join Deutsche Bank AG's (DBK.XE) supervisory board as a nonindependent member, the German bank said Thursday.

Mr. Zeltner is expected to replace Richard Meddings, whose resignation became effective on July 31, and to stand for election at the next shareholders' meeting

The nomination of Mr. Zeltner follows a consultation with Deutsche's major shareholder.

"In Juerg Zeltner we are gaining a supervisory board member who is a top-level European banker with proven expertise in both wealth management and private & commercial client business, as well as risk management," Chairman Paul Achleitner said.

Between 1987 and 2017, Mr. Zeltner worked for UBS Group AG (UBS), where his final role was president of wealth management, and from 2009 he was a member of the Swiss bank's executive board.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

 

(END) Dow Jones Newswires

August 15, 2019 09:57 ET (13:57 GMT)

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