Deutsche Bank has appointed Claudio de Sanctis as the new chief executive officer of Deutsche Bank (Switzerland) Ltd, effective 1 February 2019, after Peter (Pedro) Hinder decided to step down.
The appointment by the board of directors of Deutsche Bank (Switzerland) occurred ahead of de Sanctis’ first day today in the new role of head of Deutsche Bank Wealth Management (WM) Europe under a regional reorganisation announced in August.
De Sanctis succeeds Hinder in Switzerland, who informed the bank of his decision to pursue other opportunities outside the bank after the regional reorganisation. Hinder will leave the bank at the end of January 2019 after an orderly handover to de Sanctis.
Hinder joined Deutsche Bank in 2015 as chief of staff for Private, Wealth & Commercial Clients (PW&CC) in Frankfurt where his role included working closely with the leadership of the WM division on its strategy. In 2016, Hinder was appointed head of WM Europe, the Middle East and Africa (EMEA), CEO of Deutsche Bank (Switzerland) Ltd and chief country officer in Switzerland.