Deutsche Bank Appoints Michael Diederich to Strengthen Corporate Bank Leadership in Germany and Globally

Deutsche Bank Appoints Michael Diederich to Strengthen Corporate Bank Leadership in Germany and Globally

(IN BRIEF) Deutsche Bank has named Michael Diederich as Global Co-Head of its Corporate Bank, starting October, to work alongside David Lynne. With over 20 years of experience in corporate and investment banking, including senior leadership roles at UniCredit and most recently as CFO of FC Bayern München, Diederich will focus on strengthening the bank’s presence in Germany while supporting its global growth. He will also join the Group Management Committee. The bank views his appointment as a boost to its “Global Hausbank” ambition, combining local expertise with global vision to meet rising demand for corporate banking services.

(PRESS RELEASE) FRANKFURT, 8-Aug-2025 — /EuropaWire/ — Deutsche Bank has appointed Michael Diederich as Global Co-Head of its Corporate Bank, effective at the beginning of October. Based in Frankfurt, Diederich will concentrate on Germany while partnering with David Lynne to jointly lead the division. He will also join the Group Management Committee and report directly to Fabrizio Campelli, Management Board Member and Head of the Corporate Bank and Investment Bank.

Diederich brings more than two decades of expertise in corporate and investment banking, having served in senior roles at UniCredit Bank, including Spokesman of the Management Board in Germany and member of UniCredit S.p.A.’s Group Executive Committee in Milan. He previously oversaw Corporate and Investment Banking at UniCredit Bank and most recently held the position of Vice Chairman of the Management Board and Chief Financial Officer at FC Bayern München. Holding a PhD in business administration, Diederich is recognized for his strong client relationships, deep understanding of German industry, and international perspective on complex financial solutions.

Fabrizio Campelli highlighted that Diederich’s combination of local expertise and global insight is “invaluable for clients” and will strengthen the Corporate Bank’s position in its home market. Lynne, who has led the Corporate Bank’s growth in recent years, welcomed the expanded leadership, noting the increased demand for services in light of upcoming investments in technology, infrastructure, and defence.

Expressing his enthusiasm, Diederich said he looks forward to advancing Deutsche Bank’s corporate client business worldwide, with particular focus on Germany’s industrial sector, emphasizing the bank’s role in financing, strategic thinking, and delivering tailored advice amid the country’s economic transformation.

About Deutsche Bank 

Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.

Forward-looking statements

This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement.

Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission.

Such factors are described in detail in our SEC Form 20-F of 13 March 2025 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.

Media Contacts:

Michael Steen
Deutsche Bank AG
Media Relations
+49(69)910-40059
michael.steen@db.com

Victoria Garrod
Deutsche Bank AG
Media Relations, Corporate Bank & Investment Bank
victoria.garrod@db.com

Heinrich Frömsdorf
Deutsche Bank AG
Media Relations
+49(69)910-47680
heinrich.froemsdorf@db.com

SOURCE: Deutsche Bank AG