Deutsche Bank CFO von Moltke withdraws candidacy for DWS supervisory board

Deutsche Bank CFO von Moltke withdraws candidacy for DWS supervisory board

Contrary to previous announcements, Deutsche Bank CFO James von Moltke will not join the supervisory board of the asset management subsidiary DWS as a simple member. The DWS announced that after careful consideration and given the size and independence of the DWS supervisory board, von Moltke has decided not to run for the board. This decision also reflects a directive from Deutsche Bank that aims to reduce the presence of board members on the supervisory boards of group companies.

In addition, Bernd Leukert, member of the board of Deutsche Bank, has decided to leave the DWS supervisory board after the upcoming general meeting. Leukert has been a member of the Supervisory Board since 2020. Despite these changes, Oliver Behrens, manager at Morgan Stanley, will be appointed as the new chairman of the supervisory board during the general meeting on June 6th, as already announced in November 2023.

On the stock exchange, Deutsche Bank shares reacted temporarily in XETRA trading with a decline of 0.14 percent to 16.64 euros, while DWS shares rose by 2.86 percent to 40.26 euros. The exact reasons behind James von Moltke's decision were not publicly disclosed. Developments in the context of Deutsche Bank and DWS will continue to be monitored closely.

It is expected that the new appointments to the Supervisory Board and the changes in the management body will be closely monitored by both investors and the public. The independence and stability of the supervisory board are considered crucial factors for investor confidence. The developments surrounding personnel details at Deutsche Bank and its subsidiary DWS therefore continue to be of great interest in the financial industry.