Karl von Rohr to step down as Member of Deutsche Bank’s Management Board
Karl von Rohr, President of Deutsche Bank, has informed the Supervisory Board that he will not be seeking to renew his contract beyond his current term as Member of the Management Board concluding at the end of October 2023.
Karl von Rohr said:
“After eight years on the Management Board and the successful completion of so many important steps of Deutsche Bank’s transformation, this is the right time for me to pursue new endeavours. I have found it deeply fulfilling to do my part in helping the institution return to a solid foundation that enables profitable growth – especially in the German home market. None of this would have been possible without so many colleagues throughout the bank who have been part of my journey. My sincere gratitude goes to them. Until my contract expires in October, I will remain fully committed to supporting Deutsche Bank’s continued success.”
Von Rohr joined Deutsche Bank in 1997. In 2015 he became a Member of the Management Board, initially responsible for Human Resources as well as for Legal and Governance. In April 2018, he became President, later also taking over responsibility for the Private Bank and for Deutsche Bank’s Asset Management in July 2019, which mainly consists of the majority holding in fund manager DWS. Von Rohr has been Chairman of the Supervisory Board of DWS since 2018.
Deutsche Bank says it will provide an update concerning Karl von Rohr’s succession in the Management Board in the near future.