Deutsche Bank further strengthen controls

Deutsche Bank - Foyer Undersphere

Deutsche Bank has announced that Thomas Poppensieker, 43, will join the firm to lead efforts to further strengthen its control framework across business divisions and infrastructure functions.

Poppensieker will be based in Frankfurt and report to the Co-Chairmen of the Management Board (Co-CEOs), Jürgen Fitschen and Anshu Jain. He joins from McKinsey & Company, where he is a Director and leads the Risk Management Practice in Germany, the European Banking Risk Practice and the Market & Trading Risk Service Line.

Further strengthening the control framework is a core element of Deutsche Bank´s Strategy 2015+. In this newly created position, Poppensieker will be responsible for implementing this programme.

Fitschen and Jain said: 'We are pleased that Thomas Poppensieker will join Deutsche Bank to further strengthen our control framework, which is a vital component of our Strategy 2015+. Thomas is a recognized expert with an excellent track record in risk management and regulation'.

Poppensieker brings several years of experience in advising banks on risk management and control projects to the Bank. He is a member of the Executive Board of the Frankfurt Institute of Risk Management and Regulation and, as a member of the Group of Experts in Banking Issues, advised the European Commission on new banking regulation including Basel III.

He has an MBA from the University of Bayreuth and a PhD in Finance from the University of Cologne.

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