Deutsche Bank has elevated two executives to key leadership roles, signaling continuity in its turnaround strategy. Stefan Hoops, chief executive of asset manager DWS, and Fabrizio Campelli, head of corporate and investment banking, will join the management board and deputy CEO roles respectively. Hoops, whose DWS division's share price has roughly doubled since his 2022 takeover, will now oversee integration between asset management and the broader bank. Campelli, responsible for 60% of Deutsche's revenue, consolidates influence across investment and retail banking.

Christian Sewing, CEO since 2018, secured a contract extension until 2029 to execute the bank's transformation into a 'European Champion'. This reshuffle follows CFO James von Moltke's departure and reflects Deutsche's focus on integrating asset management into its core strategy. The promotions underscore the bank's commitment to sustaining its recent profit recovery under Sewing's leadership.