Frankfurt/Main (dpa) – Germany’s largest financial institution is getting a new chief controller: the general meeting this Thursday (9:00 a.m.) is the last in this function for the head of the supervisory board, Paul Achleitner. After ten years in office, the now 65-year-old is leaving the Frankfurt Dax group. He is to be succeeded by Alexander (Alex) Wynaendts (61), who is standing for election at the shareholders’ meeting, which WILL once again be held online.

Wynaendts started his career at ABN Amro, where he spent 13 years in private and investment banking in Amsterdam and London. From 2008 to 2020 he was head of the Dutch insurance group Aegon.

Deutsche Bank’s business has been going well recently. Last year, the group achieved the highest annual profit since 2011, the current year began with a profit in the billions in the first quarter. The board around CEO Christian Sewing explains the trend reversal with the far-reaching restructuring of the institute. The shareholders should also participate and, after two zero rounds, receive a dividend of 20 cents per share for 2021. The Annual General Meeting will decide on this distribution of around 400 million euros.

© dpa-infocom, dpa:220518-99-341427/2