Deutsche Bank’s Supervisory Board has appointed James von Moltke as Chief Financial Officer and Member of the Management Board. He joins from Citigroup, where he served as Treasurer, and is expected to assume his new responsibilities at Deutsche Bank in July.
Von Moltke, 48, succeeds Marcus Schenck, who was appointed Deutsche Bank’s Co-President in early March and who, as previously announced, will oversee the bank’s newly created Corporate & Investment Bank together with Garth Ritchie from July.
Von Moltke was born in Heidelberg, Germany, and is a dual citizen of Germany and Australia. Following his studies at Oxford, he started his career at Credit Suisse First Boston in London 25 years ago. In 1995, he joined J.P. Morgan, working at the bank for 10 years in New York and Hong Kong and becoming a recognised specialist in advisory for financial services companies.
After next working at Morgan Stanley for four years, where he led the Financial Technology advisory team globally, von Moltke joined Citigroup as Head of Corporate M&A in 2009. Three years later he became Global Head of Financial Planning and Analysis. In 2015, he was appointed Treasurer of Citigroup, managing its capital and funding as well as liquidity and interest rate risk. In these roles, von Moltke made significant contributions to Citigroup’s restructuring following the global financial crisis.
Paul Achleitner, Chairman of Deutsche Bank’s Supervisory Board, said: “We are delighted to have such a well-regarded banker joining Deutsche Bank. Throughout his career, James von Moltke has proven in different roles that he can execute strategic and operational agendas. I thank Marcus Schenck for his excellent work as CFO and wish him success in his new role in our important Corporate & Investment Bank.”
John Cryan, CEO of Deutsche Bank, praised the new CFO, who will be based in Frankfurt, as having deep expertise in the financial services sector. “His widespread experience in strategic planning and proven success in reshaping a multinational financial services company, will help us to reduce the complexity of our bank further and to achieve our ambitious targets.”
Re-disseminated by The Asian Banker