Deutsche Bank has appointed Gerald Podobnik as chief financial officer of its investment bank, replacing Marie-Jeanne Deverdun, who is moving to head of client strategy and relationship management within the fixed-income and currencies business, according to an internal memo seen by IFR and confirmed by a Deutsche spokesperson.
Podobnik will take on his new role while continuing with his current duties as CFO of Deutsche's corporate bank, which he has held since 2019.
He was recently appointed to a second term on the German government's Sustainable Finance Committee.
Deutsche will maintain its current organisational structure with two CFO teams, one for the corporate bank and one for the investment bank. With effect from August 1, Michelle Cornish and Matthew Lawrance will report to Podobnik.
Deverdun moves into her new role on August 1 and will report to Ram Nayak head of fixed-income and co-head of the investment bank, and James Davies, head of the institutional client group. She will focus on "prospecting new relationships, bringing former clients back to the firm", according to the memo. She served as chief operating officer of FIC from 2017, prior to taking on the additional responsibilities of CFO of the investment bank in 2019.