Deutsche Bank Hires Citigroup's Treasurer Von Moltke as CFO
- New CFO replaces Schenck who was promoted to deputy CEO
- Von Moltke has been a banker a JPMorgan, Morgan Stanley
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Deutsche Bank AG hired Citigroup Inc. Treasurer James von Moltke to replace Marcus Schenck as chief financial officer, completing a management shakeup that’s been key to the latest turnaround plan.
Von Moltke will start in July, Deutsche Bank said in a statement, confirming a report by Bloomberg earlier on Friday. Germany’s biggest bank in March promoted Schenck to one of two deputy CEOs, with a mandate to co-run its investment banking and trading units.