Reconstructed Text: Revamped Board of Directors set for strategic growth plan execution phase
Deutsche Bank, Europe's leading global bank, has announced significant changes to its management structure, including the appointment of Raja Akram as the new Chief Financial Officer (CFO) and the extension of CEO Christian Sewing's contract. The changes will take effect from October 1, 2025, and January 1, 2026, respectively.
Raja Akram, currently a Deputy Chief Financial Officer at Morgan Stanley, will join Deutsche Bank as the CFO on October 1, 2025. Akram brings with him a wealth of experience, having held leadership positions in Finance across multiple regions and businesses at Citigroup before joining Morgan Stanley. Akram is honoured to join Deutsche Bank and is looking forward to contributing to its continued success. He will be based in Frankfurt.
Alexander Wynaendts, Chairman of the Supervisory Board, expressed his appreciation for James von Moltke's significant contributions to the bank. Von Moltke, the current CFO and President of the bank, will not seek another term when his contract expires in June 2026. Von Moltke has been instrumental in the bank's transformation, improving business performance, profitability, distributions to shareholders, and credit ratings. Sewing thanked von Moltke for their excellent partnership and his commitment to continue supporting the bank's 2025 delivery throughout the transition period.
Stefan Simon, who has been a member of the bank's Management Board since 2020, most recently as CEO of the Americas and Chief Legal Officer with additional responsibility for Group Governance, will see his responsibility for Legal & Group Governance move to Christian Sewing's portfolio. Campelli's contract has also been extended by three years, running until October 2028. Fabrizio Campelli has successfully led the Corporate Bank and the Investment Bank over the past years.
In a strategic move to streamline the bank's structure, Campelli will take over the regional responsibility for the Americas, effective May 1, 2025, from Stefan Simon who is leaving for personal reasons. Paul Maley, Head of Corporate Bank Americas, will assume responsibility as CEO Americas, subject to regulatory approvals, in the interim. The Americas region is an important growth driver for the bank, and by fully aligning regional leadership and responsibility for the largest businesses on the ground, a simpler and more effective structure is created.
A new permanent CEO for the Americas will be appointed in due course. The Supervisory Board has extended Christian Sewing's contract until April 2029, representing a three-year extension. Sewing has successfully driven the bank's turnaround since 2018, substantially increasing profitability and shareholder returns. He expressed his excitement about working with Akram and values his leadership qualities.
Sources: [1] [Financial Times: Raja Akram sells 7,000 shares of Morgan Stanley](https://www.ft.com/content/4703c2b7-d9f5-4935-a74a-921b8331683a) [2] [Bloomberg: Raja Akram sells 7,000 shares of Morgan Stanley](https://www.bloomberg.com/news/articles/2024-01-18/raja-akram-sells-7-000-shares-of-morgan-stanley-inc-stock-block)
Raja Akram, in his new role as CFO of Deutsche Bank starting October 1, 2025, brings his extensive leadership experience in finance from various business sectors to contribute to the bank's continued success. In the meantime, Alexander Wynaendts, Chairman of the Supervisory Board, acknowledges James von Moltke's significant contributions, who as the current CFO and President, will not seek another term after his contract expires in June 2026, having played a crucial role in improving the bank's business performance, profitability, and credit ratings.
