Eilbeck, who was the former COO of the German bank’s global rates and commodities business, will report to Michele Faissola, head of the unit which was recently formed as part of a restructuring.
Previously, Faissola was the head of rates and commodities at Duetsche Bank.
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The new asset and wealth management unit headed by Faissola will be overseen by a 18-member management committee.
As per the strategy overhaul unveiled by Deutsche Bank recently, it said that it wanted to double annual pretax profit at asset and wealth management to EUR1.7 billion by 2015.
Currently, the asset and wealth management business of Deutshe Bank has EUR900 billion investments under its control.
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