Deutsche Bank has appointed Claudio de Sanctis as global head of Deutsche Bank Wealth Management, succeeding Fabrizio Campelli who joins the group Management Board as chief transformation officer.
De Sanctis, who assumes the role with immediate effect, was previously head of Wealth Management in Europe, which serves clients in around 30 countries including Deutsche Bank's home market of Germany. He was also chief country officer of Switzerland, a role he will retain.
He joined Deutsche Bank Wealth Management in December 2018 from Credit Suisse, where he spent five years, initially as market area head Southeast Asia for Private Banking, Asia Pacific, and most recently as head of Private Banking, Europe.
Karl von Rohr, Deutsche Bank president and member of the Management Board responsible for the Private Bank, which includes Deutsche Bank Wealth Management, said: "Deutsche Bank Wealth Management is one of the key pillars of Deutsche Bank's strategy to increase its share of revenues from stable sources. De Sanctisis a consummate wealth manager and decisive leader who has already made a significant positive impact in Europe over the past year. He has the experience and capabilities to make the most of our investment in growing this high-potential client business."