Deutsche Bank has named Claudio de Sanctis, who formerly led its wealth management operations in Europe, as the new global head of its wealth management business.
In addition to the new responsibility, Sanctis will continue to serve as the chief country officer of Switzerland at Deutsche Bank.
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As wealth management head in Europe, Sanctis was in charge of the bank’s businesses in nearly 30 countries including Germany.
He previously served at Credit Suisse, latterly as private banking head for Europe.
In his five-year stint at Credit Suisse, he also was the market area head in Southeast Asia for private banking Asia Pacific.
Meanwhile, Sanctis’ predecessor Fabrizio Campelli will now assume the responsibility of the chief transformation officer.
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By GlobalDataThe change takes place immediately.
Deutsche Bank president and management board member responsible for the private bank Karl von Rohr said: “Claudio is a consummate wealth manager and decisive leader who has already made a significant positive impact in Europe over the past year.
“He has the experience and capabilities to make the most of our investment in growing this high-potential client business.”
Additionally, Michael Ilgner will take on the role of head of human resources at the bank, replacing Pippa Lambert who will depart owing to personal reasons.
At present, Ilgner serves as the CEO of Deutsche Sporthilfe (German Sport Aid Foundation).
Lambert has been working at the bank for 16 years. The leadership change will take place on 1 March 2020.
Campelli and Ilgner will now work together, focusing on developing staff for digitalisation and lowering expenses.
Deutsche Bank Christian Sewing CEO: “I am delighted that in Michael Ilgner we have attracted a leader with a wealth of experience in developing talent and configuring change processes.
“At Deutsche Sporthilfe he has been committed to representing the individual interests of elite athletes for more than decade, making key improvements to talent development and thereby providing thousands of athletes with the prospect of a professional career after their sporting careers are over.”
