Deutsche Bank’s private customer division has a new management team. A well-known German manager rises, another rises – at least for the time being – from.
(Photo: imago images/Jan Huebner)
Frankfurt Fast decisions are important to Claudio de Sanctis. That’s what Deutsche Bank’s private customer board says himself – and he provided initial proof of this in less than three weeks: through a new management structure that has made many management positions superfluous. Because in future there will only be one “Executive Committee”, as Deutsche Bank calls the decision-making bodies of the individual divisions.
Before that, the institute had afforded three such “ExCos” in the private customer business: in addition to the “ExCo” of the former board member Karl von Rohr, Germany boss Lars Stoy and Claudio de Sanctis, who was then responsible for international business and wealth management, also afforded such management bodies.
By concentrating on an “Executive Committee”, the number of “ExCo” members will be halved to 21 managers in the future. The internal communication from De Sanctis about the future line-up in the division shows who are the climbers and who are – at least for the time being – relegated in the new division.
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