Annett Viehweg becomes Chairwoman of Deutsche Bank Russia

Deutsche Bank AG (FRA:DBK) has announced the appointment of Annett Viehweg as Chairwoman of the Board, Deutsche Bank Ltd Russia.

Before assuming her new role, Ms Viehweg was Head of Global Network Banking for Central and Eastern Europe, the Middle East, and Africa at Deutsche Bank where she was responsible for managing the teams and Deutsche Bank’s business with multi-national corporates in nine countries. She has devoted more than 15 years of her career to Deutsche Bank in Russia.

Ms Viehweg succeeds Joerg Bongartz, who is relocating to Frankfurt to take a senior role for the Central and Eastern European business of Deutsche Bank.

Kees Hoving, Chairman of the Supervisory Board Deutsche Bank Ltd Russia, and Head of Global Transaction Banking EMEA, said:

“Joerg has made a strong contribution to developing and expanding Deutsche Bank’s business in Russia. We thank him for his contributions to Global Transaction Banking and wish him well in his new role.”

Pavel Teplukhin, Chief Country Officer of Deutsche Bank in Russia said:

“We welcome Annett who has long-term experience of working at Deutsche Bank in Russia and internationally. We are confident that Annett’s deep knowledge of the Russian market and strong relationships will add to Deutsche Bank offering for clients.”

The announcement comes after in September this year the bank said it would streamline its Russian operations. Meanwhile, DB’s business in Russia has been under regulatory fire over suspected money laundering. In addition, in October this year, media reports alleged that the the US Department of Justice (DoJ) and New York’s Department of Financial Services (NYDFS) are widening the scope of the investigation and are now looking into the bank’s possible violations of sanctions imposed on Russia in relation to the annex of Crimea.

To view the official announcement from Deutsche Bank on Ms Viehweg’s appointment, click here.

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