Deutsche Bank announced changes to its management board, saying the "leaner management team is tasked with accelerating the implementation of the bank’s Global Hausbank strategy. Against the backdrop of a challenging environment, costs and controls will continue to be areas of significant focus." Christiana Riley, CEO for the Americas and member of the management soard, has decided to take on a new opportunity outside of Deutsche Bank. She will leave the bank on the day following the annual general meeting on May 17. The new, smaller management board will consist of nine people. Claudio de Sanctis will join the management board and assume responsibility for the private bank as of November 1, at the latest. James von Moltke, President and Chief Financial Officer, will assume responsibility for the asset management division. Stefan Simon, Chief Administrative Officer will additionally take over responsibility for the Americas as of May 18. Rebecca Short will take on an expanded Chief Operating Officer role, effective June 1. See Insiders’ Hot Stocks on TipRanks >>
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