People News: Deutsche Bank

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Deutsche Bank has appointed Philippe Vollot as global chief operating officer for compliance, anti-financial crime and government and regulatory affairs.

Bloomberg News reports that Vollot , 48, was previously global head of regulatory relationships and coordination, the bank said in a statement.

His new position was created after Sylvie Matherat, former global head of government and regulatory affairs, was promoted to Deutsche Bank’s management board as chief regulatory officer last month, spokesman Armin Niedermeier said by phone. Vollot started his new job on Tuesday.

In the meantime, Bloomberg also reports that Deutsche Bank’s former chief economist in Moscow will join a development lender run by six ex-Soviet states as the firm winds down most of its operations in Russia, where a recession is hitting profits in the financial industry.

Yaroslav Lissovolik, who worked at the International Monetary Fund prior to joining Deutsche Bank in 2004, became chief economist at the Eurasian Development Bank starting this week, its spokeswoman, Olga Fisenko, said by phone Wednesday. 

Deutsche Bank Names Philippe Vollot Anti-Financial Crime COO

Ex-Deutsche Bank Economist Joins Russian-Led Development Lender

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