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Home » Deutsche Bank extends CEO Christian Sewing’s term, ousts deputy and key executive —
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Deutsche Bank extends CEO Christian Sewing’s term, ousts deputy and key executive —

staffBy staffApril 2, 20254 Mins Read
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Deutsche Bank has announced significant leadership changes as it prepares for the next phase of its growth strategy. The bank has extended CEO Christian Sewing’s contract until April 2029 while removing key executives in a management shake-up. James von Moltke, Deputy CEO and Chief Financial Officer, will leave when his contract expires in June 2026, and Stefan Simon, Chief Legal Officer and CEO of the Americas, will also depart. 

The restructuring signals Deutsche Bank’s intent to streamline leadership and maintain momentum as it navigates economic uncertainties and competitive challenges in the financial sector. The changes will shape the bank’s long-term strategy, ensuring continuity at the top while bringing fresh leadership into critical positions.

A Defining Moment for Deutsche Bank’s Leadership

Christian Sewing, who has been at the helm since 2018, has played a pivotal role in stabilizing the bank after years of volatility, including financial losses, regulatory scrutiny, and a failed merger attempt with Commerzbank. His leadership has steered Deutsche Bank toward consistent, albeit modest, profitability, increased shareholder returns, and improved market perception.

“There’s so much opportunity out there,” Sewing wrote on LinkedIn, signaling confidence in the bank’s next chapter. “The next phase of our development will be about leveraging this opportunity.”

The extension of Sewing’s tenure aligns with Deutsche Bank’s strategy to ensure continuity in leadership as it works toward its 2025 financial targets. The decision to extend his contract highlights the bank’s confidence in his ability to maintain stability while driving further growth.

New CFO and Americas Leadership Overhaul

James von Moltke, who has served as CFO since 2017 and was appointed Deputy CEO in 2022, will step down after completing his contract. Throughout his tenure, von Moltke played a key role in the bank’s financial transformation, overseeing cost-cutting initiatives, risk management, and capital allocation strategies.

“James von Moltke has been instrumental in Deutsche Bank’s successful turnaround,” said Chairman Alexander Wynaendts. “His leadership has significantly improved the bank’s business performance, profitability, and stakeholder confidence.”

Raja Akram, a seasoned finance executive from Morgan Stanley, has been named as von Moltke’s successor. Akram will join the bank on October 1, 2025, and take over as CFO after a transition period, officially assuming full responsibilities by mid-2026. His global financial expertise, gained through leadership roles at Morgan Stanley and Citigroup, positions him as a strong successor to guide Deutsche Bank’s financial operations into its next phase.

Meanwhile, Stefan Simon’s departure marks another significant leadership shift. Simon, who has overseen legal affairs and governance since joining the bank’s management board in 2020, will step down from his position in 2025. His responsibilities will be transferred to CEO Christian Sewing’s portfolio.

Strategic Moves in the Americas

The Americas remain a key growth market for Deutsche Bank, and the leadership reshuffle reflects the institution’s efforts to strengthen its presence in the region. Fabrizio Campelli, Head of the Corporate Bank and Investment Bank, will assume additional responsibilities for Deutsche Bank’s Americas operations starting May 2025. His contract has been extended until 2028, further reinforcing the bank’s focus on leadership stability.

To manage the transition, Paul Maley, currently the Head of Corporate Bank Americas, will step in as interim CEO of Deutsche Bank Americas, subject to regulatory approvals. A permanent CEO for the region will be announced in due course.

“The Americas region is an important growth driver for Deutsche Bank,” said Wynaendts. “By fully aligning regional leadership with our business operations, we create a simpler and more effective structure.”

Market and Investor Reactions

The leadership restructuring at Deutsche Bank is being closely watched by investors and analysts. The extension of Sewing’s contract provides stability, but the departure of key executives raises questions about the bank’s long-term succession planning.

Deutsche Bank’s stock has shown resilience in recent quarters, reflecting improved investor sentiment. However, economic headwinds, rising interest rates, and regulatory challenges remain key concerns.

What This Means for Deutsche Bank’s Future

The leadership overhaul reflects Deutsche Bank’s ongoing efforts to balance stability with transformation. With Sewing at the helm for the foreseeable future, the bank aims to build on recent gains, expand its market presence, and drive shareholder value.

By bringing in fresh leadership in key financial and regional roles, Deutsche Bank is positioning itself for long-term success. However, execution will be critical, as the bank faces increasing competition from global financial institutions and emerging fintech players.

With these strategic shifts, Deutsche Bank is sending a strong message about its commitment to growth, stability, and innovation.

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