Deutsche Bank proposes Co-CEO term extensions

Deutsche Bank - External

The Chairman’s Committee of the Supervisory Board of Deutsche Bank will propose to the full Supervisory Board at its upcoming ordinary meeting on October 29, 2013 to extend the duration of its Co-Chief Executive Officer team by renewing the contract of Jürgen Fitschen, Co-CEO of Deutsche Bank.

The contracts of Fitschen and Anshu Jain, Co-CEO of Deutsche Bank, would continue through March 31, 2017, under the proposal. Fitschen’s existing contract expires after the Annual General Meeting in May 2015.

Paul Achleitner, Chairman of the Supervisory Board of Deutsche Bank, said: 'Jürgen Fitschen and Anshu Jain together requested the renewal. They would like to continue their outstanding work in a partnership in the coming years for Deutsche Bank. We are very pleased about that. It is the right signal for our company as well as for the finance industry. Since becoming Co-CEOs, Jürgen and Anshu have made numerous important decisions that are positioning Deutsche Bank in the right direction. We know our company is in good hands with them'.

Fitschen and Jain, Co-CEOs of Deutsche Bank, said: 'We would be pleased to continue to lead the Management Board of Deutsche Bank together as partners. In the years ahead, our focus is to continue to further strengthen Deutsche Bank and to position it as one of the world’s leading global universal banks in service of all its stakeholders'.

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