Deutsche Bank has named Boris Liedtke as chief country officer for Luxembourg, succeeding Ernst Wilhelm Contzen with effect from 1 January 2014.

In his new role, Liedtke will be responsible for implementing the bank’s strategic direction as well as for the management of Deutsche Bank Group in Luxembourg across all divisions to further develop the franchise in the country.

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Liedtke will report to Stephan Leithner, member of the management board and group executive committee of Deutsche Bank and CEO Europe (except Germany and UK), human resources, legal, compliance, government & regulatory affairs.

During the past four years, Liedtke has been CEO and chairman of Deutsche Asset Management in Asia. Prior to this role, he was board member and responsible for the operational business of DWS Investments in Europe.

Leithner said: "Liedtke brings a wealth of experience in leadership positions with him. Together with the management team in Luxembourg he will continue to further develop Deutsche Bank’s franchise in today’s challenging environment."

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