Yngve Slyngstad nominated for election to Deutsche Bank’s Supervisory Board
The Supervisory Board of Deutsche Bank recommends that the bank’s shareholders elect Yngve Slyngstad to the Supervisory Board at the Annual General Meeting (AGM) on May 19, 2022.
Mr Slyngstad would succeed Gerhard Eschelbeck, who will not stand for re-election when his five-year term ends at this year’s AGM.
Mr Slyngstad was CEO of Norges Bank Investment Management (NBIM), the entity managing the world´s largest sovereign wealth fund in Norway, for 13 years. Prior to that he led the fund’s equity management organisation since its establishment in 1998.
Earlier this month he joined Aker ASA, a Norwegian investment company, to oversee its newly created asset management division. The organization will be focused primarily on investments related to energy transition necessitated by climate change. Mr Slyngstad holds degrees in economics, law, political sciences and philosophy from universities in Oslo and Paris, and the University of California.
“I greatly appreciate the Supervisory Board’s nomination,” Slyngstad said. “Deutsche Bank plays a crucial role in the development of Europe’s financial industry and will play an important role in the financing of the transition to a sustainable and carbon-neutral economy. Subject to the vote at the AGM, I would be delighted to contribute to the further development of Deutsche Bank’s strategy.”