Deutsche Bank Names Fabrizio Campelli as Chief Transformation Officer
November 01 2019 - 7:05AM
Dow Jones News
By Pietro Lombardi
Deutsche Bank AG (DBK.XE) has appointed Fabrizio Campelli as
chief transformation officer as part of its deep restructuring.
Mr. Campelli will be responsible for transformation and human
resources, the German bank said Friday.
The appointment comes as the bank is executing a deep
restructuring, which includes exiting businesses and cutting 18,000
jobs.
With this appointment the bank "aims to drive forward its most
comprehensive transformation for 20 years with a sharpened focus,"
it said.
"The primary objective is to manage this restructuring
holistically with clear accountability and to improve cooperation
and process coordination within the group."
Mr. Campelli was global Head of Wealth Management. The head of
wealth management in Europe, Claudio de Sanctis, will replace him
and join the bank's management committee.
The bank also appointed Michael Ilgner, currently chief
executive of Deutsche Sporthilfe, as new head of human resources
and is expected to join the management board in the future.
"Given the size of the task there needs to be one Management
Board member devoting all his energies to this comprehensive
transformation and driving the reorganization across all areas of
our bank," Chairman Paul Achleitner said.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
November 01, 2019 06:50 ET (10:50 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Deutsche Bank (TG:DBK)
Historical Stock Chart
From Aug 2024 to Sep 2024
Deutsche Bank (TG:DBK)
Historical Stock Chart
From Sep 2023 to Sep 2024