Germany’s multinational financial services provider, Deutsche Bank announced today that it has decided to appoint Olivier Vigneron, the former Managing Director at JPMorgan, as its Group Chief Risk Officer, effective from 1 June 2022.
Subject to regulatory approval, Vigneron will join Deutsche Bank as a Senior Group Director on 1 March 2022. Vigneron will succeed Stuart Lewis, who in March announced his decision to retire after the Annual General Meeting 2022, having completed 25 years of service.
With more than 20 years of experience in the global financial sector, Vigneron is planning to facilitate the bank’s expansion plans. In his career, Vigneron worked with some of the world’s most prominent banks, including BNP Paribas, JPMorgan and UniCredit.
“The Management Board and I are pleased to welcome Olivier to Deutsche Bank, in fact, to welcome him back to Deutsche Bank. Having been part of our structured credit business in the early 2000s, Olivier is no stranger to our firm. A stringent and global risk management regime will be of paramount importance for the banking industry in years to come. We are convinced that Olivier brings the global expertise and perspective required to assess and manage all risk types and to maintain Deutsche Bank’s strong track record in risk management,” Christian Sewing, CEO of Deutsche Bank, said.
In October 2021, Deutsche Bank reported its financial results for the third quarter of 2021. The bank’s profit before tax spiked 15% YoY in Q3 of 2021.
During his career of more than 20 years in the financial services sector, Vigneron worked on several important capital models including the global implementation of Basel III advanced capital models. “Deutsche Bank is one of Europe’s leading financial institutions with a strong global network. I am very much looking forward to working with an outstanding risk management team that has a first-class reputation across the industry,” Vigneron commented on the announcement of his appointment.
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