Deutsche Bank today announced changes to its management structure.

After eight years as Chief Financial Officer in which he helped lead the bank through a fundamental transformation, James von Moltke has informed the bank that he will not be seeking another term when his contract expires in June 2026. Von Moltke, who was also appointed President in 2022, will continue to drive the bank’s delivery of its 2025 financial targets before handing over his CFO responsibilities.

As designated Chief Financial Officer, Raja Akram will join the bank on October 1, 2025, become a member of the Management Board effective January 1, 2026, and assume the CFO role after a transition period.

Akram joins from Morgan Stanley where he has been Deputy Chief Financial Officer since 2020. From 2006 to 2020, he worked for Citigroup, holding leadership positions in Finance across multiple regions and businesses and also served as the Chief Accounting Officer and Global Controller. Akram will be based in Frankfurt.

The Supervisory Board also decided on a new mandate for Christian Sewing running until April 2029, representing an extension of three years compared to his current contract.

Fabrizio Campelli, Head of the Corporate Bank and Investment Bank, will also have his contract extended by three years, running until October 2028.

In addition, the Supervisory Board also asked Campelli to assume the regional responsibility for the Americas, effective May 1, 2025. He is taking over from Stefan Simon who will leave the bank for personal reasons.

A new permanent CEO for the Americas, reporting to Campelli, will be appointed in due course. In the interim, Paul Maley, Head of Corporate Bank Americas, will assume responsibility as CEO Americas, subject to regulatory approvals.