ROUNDUP 2 / Deutsche Bank: successor to supervisory board chairman Achleitner nominated
The German financial metropolis Frankfurt am Main. pixabay.com
FRANKFURT (dpa-AFX) – Deutsche Bank (Deutsche Bank share)
According to the information, Wynaendts was head of the Dutch insurance group Aegon from 2008 to 2020
In addition, the supervisory board should recommend that the general meeting appoint another deputy chairman in addition to the employee representative Detlef Polaschek. The committee will propose Norbert Winkeljohann for this function, who has been a member of the Deutsche Bank Supervisory Board since 2018.
Achleitner had held one of the most important posts in the German economy for a remarkably long time. But after ten years as chairman of the supervisory board of Deutsche Bank, it should be over, as the 65-year-old Austrian had repeatedly affirmed. In the past, he had to put up with the question of whether the financial institution would not be in a better position for a long time if the supervisory board had not held onto the wrong managers for too long. At the 2019 Annual General Meeting, shareholders demanded that the Achleitner system be deselected.
Chances for the Achleitner successor had previously been granted to Deutsche Börse boss Theodor Weimer. Also ex-Volkswagen
The time for Achleitner’s resignation seems favorable. Deutsche Bank is back in the black and despite increased costs for restructuring the company, it earned a little more in the third quarter than a year earlier. But not everything is going completely smoothly. Investment banking is still the profit maker, although the board of directors has started to reduce the dependence on volatile capital market business. The fight against money laundering remains a long-running issue and the financial supervisory authority Bafin urged the bank to make more efforts.
Achleitner, who lives privately in Munich, is considered to be a well-connected puller. He began his career in 1984 after studying economics including a doctorate in St. Gallen, Switzerland, at the management consultancy Bain. In 1988, the native of Linz moved to the legendary Wall Street bank Goldman Sachs (Goldman Sachs share)
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