Deutsche Bank has hired Asoka Woehrmann and Stefan Bender as new heads of private and commercial banking operations in Germany, replacing Peter Schedl and Wilhelm von Haller who will leave their offices on 30 September 2015.
Wohrmann will join the firm as head of retail banking and Bender as head of commercial banking within the private and commercial banking management team.
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Bender will take over his new role over the course of October, while Wohrmann will assume his new role on 1 December 2015.
Wohrmann and Bender will be responsible for Deutsche Bank’s eight million private, commercial and corporate clients in Germany.
The duo will report to Christian Sewing, member of the management board of Deutsche Bank and head of its private & business clients (pbc) corporate division.
In his new role, Bender will retain his role as head of global transaction banking in Germany and will be responsible for building on GTB’s strong ties with commercial banking.
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By GlobalDataWohrmann, who joined Deutsche Bank in 1998, was most recently CIO in Deutsche Asset & Wealth Management.
Bender, who has been with the bank since 1997, previously held roles including head of global transaction banking in Germany (GTB, trade finance and payments) and co-head of corporate finance in Germany.
Sewing said: "This realignment will involve significantly strengthening our advisory banking business with private clients, further expanding our business with small and medium-sized enterprises, Germany’s ‘Mittelstand’, and closely networking our branches with our rapidly growing digital banking service."
