Deutsche Bank Taps Wynaendts to Succeed Chairman Achleitner
- Former longtime Aegon CEO set to take chairman job next year
- Wynaendts will step down from his role on Citigroup’s board
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Deutsche Bank AG proposed Alexander Wynaendts as its next chairman of the supervisory board, tapping the former insurance executive to guide Germany’s largest lender as it emerges from a decade of crisis.
The Frankfurt-based lender’s nominating committee recommended that Wynaendts succeed Paul Achleitner when his decade-long run ends in May, the bank said in a statement on Friday. Wynaendts, 61, served as chief executive officer of Dutch insurer Aegon NV for 12 years before leaving in 2020.