By AML Intelligence Correspondents
THE BANK chief who revamped Deutsche Bank’s AFC controls has announced he is leaving the organization.
Stefan Simon announced Thursday that he is departing “for personal reasons.” Stefan has been leading the bank’s operations in the Americas and based in New York.
Stefan previously served on the bank’s Supervisory Board and had 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.
Stefan thanked his colleagues saying “all of you made my time at Deutsche Bank so worthwhile in the various roles I had the pleasure to serve in, such as CEO of the Americas, as Chief Administrative Officer and as Chief Legal Officer.
He particularly thanked “my colleagues in the Americas region as well as the teams from Legal & Group Governance, from Compliance and Anti-Financial Crime and from Regulatory Affairs; all of you were instrumental for a number of key successes we were able to achieve together over the last years.”
His responsibility for Legal & Group Governance will move to CEO Christian Sewing’s portfolio.
“We thank Stefan Simon for his many contributions as he helped navigate the bank through various regulatory and legal challenges, contributed to the improvement of our relationships with our regulators as well as our control environment and supported our growth strategy in the Americas. We wish him all the best for his future,” said chairman Alexander Wynaendts.
Meanwhile Fabrizio Campelli, who leads the Corporate Bank and the Investment Bank will assume the regional responsibility for the Americas, effective May 1, 2025. A new permanent CEO for the Americas, reporting to Campelli, will be appointed in due course. In the interim, Paul Maley, Head of Corporate Bank Americas, will assume responsibility as CEO Americas, subject to regulatory approvals.
“The Americas region is an important growth driver for Deutsche Bank. By fully aligning regional leadership and responsibility for our largest businesses on the ground, we create a simpler and more effective structure,” said Alexander Wynaendts, Chairman of the Supervisory Board
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