Ex-Deutsche Bank Board Member Neske to Become CEO of LBBW
- Neske was replaced by Christian Sewing in a 2015 reshuffle
- Manager was also tipped for top job post at Commerzbank
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Rainer Neske, the former head of consumer banking at Deutsche Bank AG, will become the next chief executive officer of state-owned regional lender Landesbank Baden-Wuerttemberg.
LBBW’s supervisory board appointed the 51-year-old as a management board member, starting in July, and as successor to Hans-Joerg Vetter, 63, from Nov. 1, the company said in a statement from Stuttgart on Tuesday.