Deutsche Bank’s new Head- Human Resources will be Michael Ilgner, currently the CEO of Deutsche Sporthilfe (German Sport Aid Foundation). Effective 1 March 2020, Ilgner will be appointed Senior Group Director and is designated to join the Management Board when the regulatory requirements are met.
“His post brings together responsibility for transformation and human resources. “Given the size of the task, a board member needs to be fully focused on this profound transformation and driving the transformation across all areas of our bank,” said Paul Achleitner, chairman of the board”
Ilgner succeeds Pippa Lambert, who recently announced her intention to leave for personal reasons. Lambert will leave the bank at the end of April 2020 after a combined 16 years of service.
Deutsche Bank is undergoing the biggest reorganization of its history. This provides Investment banking, which einbrockte the money house billions of heavy penalties, strongly to trim. The core of Deutsche Bank will in future be the new Corporate Banking division, which looks after medium-sized companies, family businesses, and multinational corporations.
The number of full-time jobs is expected to fall by around 18,000 by the end of 2022 – to 74,000 worldwide. It is still unclear how much the reduction hits the home market.
According to the sources, Fabrizio Campelli, newly appointed Chief Transformation Officer and Michael Ilgner should be jointly responsible for shaping the change in the workforce of the bank with just under 90,000 jobs. It is about the training of employees and the reduction of costs, said the Deutsche Bank.
