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Deutsche Bank will appoint Raja Akram as the new Chief Financial Officer in 2026, succeeding James von Moltke, who is stepping down after eight years. CEO Christian Sewing's contract has been extended until April 2029, ensuring leadership continuity as the bank embarks on a new strategic phase.
Deutsche Bank has extended CEO Christian Sewing's contract for a third term until April 2029, while CFO James von Moltke and board member Stefan Simon will depart. The bank is rethinking its strategy amid a crucial year for its turnaround, with potential business closures on the table. Despite recent challenges, including a legal issue that impacted profits, Sewing remains optimistic about leveraging opportunities for growth.
Deutsche Bank has extended CEO Christian Sewing's contract for a third term until April 2029, as part of a significant management overhaul that includes the departure of CFO James von Moltke and board member Stefan Simon. The bank aims to refine its strategy and address past legal issues while pursuing ambitious profit and cost targets, despite some skepticism from analysts regarding its goals. Shares have roughly doubled under Sewing's leadership, outperforming the Stoxx Europe 600 Banks index.
Deutsche Bank is seeking interest from banks and private credit funds for a $200 million loan to assist Blackstone in re-acquiring Trans Maldivian Airways (TMA), valued at under $500 million. The loan, potentially carrying an interest rate of 10% or lower, is still under negotiation.TMA, the largest amphibious seaplane operator globally, has undergone several ownership changes, with Blackstone initially acquiring it in 2013. After being sold to Bain Capital in 2017, TMA is now majority-owned by Carlyle Group, which is reportedly considering a sale valuing the airline between $500 million and $700 million.
George Saravelos, head of foreign exchange research at Deutsche Bank, warned that the U.S. dollar's status as a reserve currency faces significant risk if the Federal Reserve withdraws its currency swap arrangements. He highlighted that even without action from the Fed, doubts about these arrangements could drive global de-dollarization, marking a critical moment since World War II.
Goldman Sachs has reduced its price target for UBS from 44.50 to 36.00 francs while maintaining a "Buy" rating. Analyst Chris Hallam noted that the outlook for European banks is the strongest in two decades, with institutions like Deutsche Bank and BNP Paribas poised to benefit, despite UBS facing stricter capital requirements.
Sabra Health Care REIT, Inc. is set to participate in Deutsche Bank’s 2025 Healthcare REIT Summit. The event will take place on March 27, 2025, at 4:05 PM Eastern Daylight Time. This engagement highlights the company's ongoing involvement in the healthcare real estate investment sector.
Deutsche Bank has appointed a new Chief Financial Officer as part of a management overhaul. Additionally, the term of the current CEO has been extended, signaling a strategic shift within the bank's leadership structure.
Deutsche Bank has announced a leadership shake-up, with CFO James von Moltke departing and being succeeded by Raja Akram from Morgan Stanley. CEO Christian Sewing's contract has been extended until April 2029, while chief legal officer Stefan Simon will leave in May for personal reasons. The changes come as the bank seeks to refine its strategy amid ongoing challenges.
Deutsche Bank warns of a significant risk to the US dollar's dominance, citing concerns over the reliability of dollar swap lines during market stress. As European Central Bank officials question their dependence on these lines, the potential for de-dollarization grows, particularly among major economic rivals like China and Russia. This uncertainty could lead to reduced foreign ownership of US assets and a weakening of the dollar's role globally, coinciding with a surge in gold prices.
Deutsche Bank Money Market PP
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Deutsche Bank appoints Raja Akram as new CFO as Sewing's contract extended
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07:23 28.03.2025
deutsche bank extends ceo sewing's contract amid management shakeup and strategy shift
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22:17 27.03.2025
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Deutsche Bank appoints new CFO and extends CEO's tenure in reshuffle
20:02 27.03.2025
deutsche bank appoints new cfo amid leadership changes and strategy shift
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19:41 27.03.2025
de-dollarisation risks rise as central banks question us dollar swap lines
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19:27 27.03.2025
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