Deutsche Bank has appointed two new members to its management board.
The bank has appointed Alexander von zur Muehlen, as the CEO of Deutsche Bank’s Asian Pacific, succeeding Werner Steinmueller who held this position for four years.
Muehlen joined Deutsche Bank in 1998 after studying business management. Following a variety of roles in investment banking, most recently as co-head of debt capital markets in Europe, he was appointed group treasurer in 2009.
Stefan Simon, who remains chief administrative officer (CAO), has also been appointed to the board responsible for relations with the supervisory authorities, regulators and key policymakers (government and regulatory affairs) as well as for the entities of legal and governance.
Simon was a member of Deutsche Bank’s supervisory board from August 2016 until 31 July 2019 and was chairman of its integrity committee. He is a lawyer and tax consultant and a former partner at Flick Gocke Schaumburg.
Since his appointment in July 2019, he has worked for the bank as a senior group director in the relevant departments. In the meantime, regulatory approval has been granted for his move onto the management board.