She succeeds Suzanne Labarge, who decided to step down from the Supervisory Board with effect from 30 June 2014. Suzanne Labarge had been on Deutsche Bank's Supervisory Board since 2008.
The appointment of Louise M. Parent is based on a proposal by the Supervisory Board's Nomination Committee. In line with statutory regulations, she was appointed by the court as Suzanne Labarge's successor for the period until the next General Meeting.
Dr Paul Achleitner, Chairman of the Supervisory Board, said: 'On behalf of the entire Supervisory Board, I would like to thank Suzanne Labarge for working with us faithfully and constructively. She made a significant contribution to supervising the Bank, also through her work on the Risk Committee. We wish her all the best for the future. Meanwhile, I am delighted that the Supervisory Board has gained a new highly qualified member in Louise M. Parent. A General Counsel for one of the leading global financial services companies for many years, she brings with her a wealth of international expertise both on regulatory and legal subjects as well as in corporate governance'.
Louise M. Parent was Executive Vice President and General Counsel at American Express from 1993 to 2013. As an attorney, she has more than thirty years of experience in the financial sector and legal field.