Deutsche Bank on Sunday announced the appointment of Olivier Vigneron as group chief risk officer. Following regulatory approvals, Vigneron will assume the role effective June 1, 2022.
Vigneron will join Deutsche Bank as a senior group director on March 1, 2022.
He will succeed Stuart Lewis, who in March announced his decision to retire as chief risk officer by the bank’s 2022 general meeting in May. Lewis has been with Deutsche Bank for more than 25 years, a decade of which he spent serving on the management board, CEO Christian Sewing noted in a message to staff.
Lewis previously oversaw the bank’s compliance and anti-financial crime responsibilities—duties since transferred to Chief Administrative Officer Stefan Simon under legal and regulatory affairs.
With more than 20 years of experience in financial services, Vigneron will join Deutsche Bank from French bank Natixis, where he has been chief risk officer since 2020. Previously, Vigneron spent 12 years at JPMorgan Chase, most recently as the bank’s chief risk officer for Europe, the Middle East, and Africa (EMEA). He also served as firmwide risk executive for market risk and on the supervisory board of J.P. Morgan A.G. in Frankfurt as chair of the risk committee.
Vigneron worked in Deutsche Bank’s structured credit trading business from 2002-05 and has also been employed by Goldman Sachs, UniCredit, and BNP Paribas.
“A stringent and global risk management regime will be of paramount importance for the banking industry in years to come,” Sewing stated. “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.”
In a second personnel move, Deutsche Bank on Friday recommended proposing Alex Wynaendts as the new chairman of the supervisory board. From 2008-20, Wynaendts was CEO of European life insurer and asset management firm Aegon. He began his career at ABN AMRO, where he worked for 13 years in private banking and investment banking in Amsterdam and London.
Wynaendts would assume the chairman role from Paul Achleitner, who after 10 years in the post decided not to run again. The supervisory board intends to appoint Wynaendts at its annual general meeting on May 19, 2022.