Deutsche Bank has internally appointed Christian Sewing as global head of operational risk management (ORM), replacing Fred Peemoeller.Sewing, who joined Deutsche in 1989, will report to Hugo Banziger, and his tasks will include the implementation of the Basel II agreements for the bank's ORM operations.
“Christian's appointment comes at an important and challenging time for operational risk management," said Banziger.
Sewing worked most recently as chief credit officer for Japan, where he was responsible for all the bank's Japanese counterparty risk, for two years, and has previously worked within Deutsche's corporate finance division in Toronto.
Peemoeller has retired after 27 years' service with the bank.
More on People
Michele Foresti officially resigns from role after failing to receive regulatory approval
James Coulson joins Swiss bank after 18 years at SocGen
Job changes in the derivatives, regulation and risk industry throughout Asia
Hoodless and Madaras among those suspended
Sign up for Risk.net email alerts
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
Nominated for two technology awards
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.