{
}
Deutsche Bank has extended CEO Christian Sewing's contract until April 2029 amid a management overhaul, which will see CFO James von Moltke replaced by Raja Akram next year. Fabrizio Campelli will take on additional responsibilities for the Americas, following the departure of Stefan Simon for personal reasons. Despite restructuring efforts and a significant rise in share value, analysts remain cautious about the bank's ambitious profit and cost targets.
Deutsche Bank has extended CEO Christian Sewing's contract until April 2029 amid a management overhaul, which sees CFO James von Moltke replaced by Raja Akram next year. Fabrizio Campelli will take on additional responsibilities for the Americas, following the departure of Stefan Simon. Despite restructuring efforts and a significant rise in share value, analysts remain cautious about the bank's ambitious profit and cost targets.
Deutsche Bank has announced significant management changes as it prepares for its next growth phase. Raja Akram will succeed James von Moltke as CFO in 2026, while Fabrizio Campelli will take over responsibility for the Americas from Stefan Simon, who is leaving for personal reasons. Christian Sewing's contract has been extended until 2029, ensuring continuity in leadership as the bank aims to build on its recent transformation and growth potential.
Deutsche Bank announced significant management changes, with CFO James von Moltke set to step down in June 2026 after eight years, succeeded by Raja Akram from Morgan Stanley. CEO Christian Sewing's contract has been extended until April 2029, alongside Fabrizio Campelli, who will also take on regional responsibility for the Americas. The bank aims to enhance its growth strategy and streamline leadership structures.
Raja Akram will join Deutsche Bank as the new CFO, succeeding James Von Moltke after a transition period. He will officially start on October 1, 2025, and become a member of the management board on January 1, 2026. Christian Sewing's contract will be renewed until 2029, while Fabrizio Campelli will take over responsibility for the Americas with an extended contract until 2028.
Deutsche Bank has appointed Raja Akram, previously Morgan Stanley's deputy CFO, as its new CFO, succeeding James von Moltke, who will step down in June 2026. Akram will join the bank on October 1 and transition into the CFO role by January 1, 2026, while von Moltke will continue to oversee the bank's 2025 financial targets. CEO Christian Sewing's contract has been renewed until April 2029, and Fabrizio Campelli will take on additional responsibilities for the Americas.
Deutsche Bank reported a 92% drop in Q4 2024 net profit to €106 million, significantly below expectations, largely due to a €329 million charge from a mortgage mis-selling scandal. The bank's share price fell 4.35% after announcing a revised cost-income ratio target of under 65% for 2025, up from under 62.5%. Despite the challenges, CEO Christian Sewing expressed confidence in achieving a return on tangible equity target above 10% in 2025 and announced a €750 million share repurchase program alongside a proposed dividend increase.
Deutsche Bank CEO Christian Sewing indicated that the bank may cut underperforming units to enhance profitability as part of his upcoming strategic plan. He emphasized the need to reassess capital allocation, particularly in areas like mortgages and middle-market lending in Germany, while also hinting at potential job cuts to streamline operations. The new strategy is expected to be unveiled later this year, aiming for improved efficiency and profitability.
Deutsche Bank reported a staggering 92% drop in net profit for the last quarter, attributing the decline to litigation costs and a mis-selling scandal. CEO Christian Sewing announced plans to reassess weaker business units and aims for a leaner operation, while targeting over €32bn in revenues by 2025. Despite challenges, the bank initiated a €750mn share buyback and increased its dividend to €0.68 per share for 2024.
Deutsche Bank reported a 36% drop in net profit for 2024, totaling €2.7 billion, largely due to €1.7 billion in legal costs related to the Postbank takeover. Despite a 4% increase in revenues to €30.1 billion, the bank adjusted its cost target to below 65% and proposed higher dividends of €0.68 per share. Looking ahead, Deutsche Bank aims for a revenue goal of around €32 billion in 2025.
James von Moltke
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Deutsche Bank extends CEO Sewing's contract amid management changes
Morgan Stanley
Deutsche Bank Money Market PP
DEU
USA
Christian Sewing
Fabrizio Campelli
James von Moltke
Raja Akram
Stefan Simon
Show more
19:21 27.03.2025
Deutsche Bank extends CEO Sewing's contract amid management changes and challenges
United States Dollar
Morgan Stanley
Deutsche Bank Money Market PP
DEU
USA
Christian Sewing
Fabrizio Campelli
James von Moltke
Raja Akram
Stefan Simon
Show more
18:28 27.03.2025
deutsche bank announces management changes to support growth strategy and leadership continuity
United States Dollar
Morgan Stanley
Deutsche Bank Money Market PP
Citigroup Inc.
DEU
USA
Paul Maley
Christian Sewing
Fabrizio Campelli
Alexander Wynaendts
James von Moltke
Raja Akram
Stefan Simon
Show more
18:24 27.03.2025
deutsche bank announces management changes including new chief financial officer
United States Dollar
Morgan Stanley
Deutsche Bank Money Market PP
Citigroup Inc.
DEU
USA
Paul Maley
Christian Sewing
Fabrizio Campelli
Alexander Wynaendts
James von Moltke
Raja Akram
Stefan Simon
Show more
18:16 27.03.2025
Raja Akram appointed CFO of Deutsche Bank succeeding James Von Moltke
Deutsche Bank Money Market PP
DEU
Christian Sewing
Fabrizio Campelli
James von Moltke
Raja Akram
Stefan Simon
Show more
18:14 27.03.2025
deutsche bank appoints raja akram as new chief financial officer
United States Dollar
Morgan Stanley
Deutsche Bank Money Market PP
Citigroup Inc.
DEU
Christian Sewing
Fabrizio Campelli
Alexander Wynaendts
James von Moltke
Raja Akram
Stefan Simon
Show more
16:50 27.03.2025
deutsche bank shares fall as litigation costs impact fourth quarter earnings
16:10 30.01.2025
deutsche bank ceo plans potential unit closures to enhance profitability
13:48 30.01.2025
deutsche bank profits plunge 92 percent as restructuring plans unfold
12:25 30.01.2025
Deutsche Bank profits plunge amid significant Postbank legal expenses
12:23 30.01.2025
Trending
Subcategory
Startups & Entrepreneurship
Industry Trends
Corporate News
Private Equity Deals
Retail and Consumer Goods
Supply Chain Management
Global Trade Developments
CEO Changes
Government Economic Policies
Corporate Social Responsibility
Industry Mergers & Acquisitions
Workplace Trends
Energy Sector Developments
Venture Capital Investments
Fintech Startups
Finance Mergers & Acquisitions
AI Innovations
Market Analysis and Predictions
Intellectual Property Laws
Central Bank Actions
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Amazon.com, Inc.
Tesla, Inc.
Salesforce, Inc.
Garuda Aerospace Ltd.
Huawei Technologies CO. Ltd.
Bharti Airtel Ltd.
XPeng Inc.
Microsoft Corporation
Venturewave Capital NO.1 Ltd.
Semler Scientific, Inc.
TENCENT
Wipro Ltd
OpenAI ERC USD
Orange S.A.
IDBI Bank Limited
Standard Chartered Bank
LENOVO GROUP
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Saudi Riyal
Japanese Yen
Malaysian Ringgit
British Pound Sterling
Mexican Peso
Brazilian Real
New Taiwan Dollar
Bahraini Dinar
Qatari Riyal
Pakistani Rupee
Kuwaiti Dinar
Vietnamese Đồng
South Korean Won
Algerian Dinar
People:
Donald Trump
Mark Zuckerberg
Bisrat Degefa
He Xiaopeng
Abdel Fattah El-Sisi
Anmol Singh Jaggi
Puneet Singh Jaggi
Sari Sabban
David Watkins
Simon Moon
Anas Algahtani
Matt Jones
Ayman Hamdan
Elon Musk
Allen Law
Xi Jinping
Anwar Hussain
Sultan Ibrahim ibni Sultan Iskandar
Prashant Joshi
Albinder Dhindsa