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Deutsche Bank reported a remarkable 39% increase in profit before tax for Q1 2025, reaching EUR2.8 billion, with net profit also up 39% to EUR2 billion. This growth was fueled by a 10% rise in net revenues to EUR8.5 billion, while costs rose only slightly by 2%. CEO Christian Sewing highlighted the bank's best quarterly profit in fourteen years, attributing success to the Global Hausbank strategy, which balances revenue growth with cost management.
Deutsche Bank and HSBC reported increased provisions in response to tariff-related economic uncertainties. Deutsche Bank added €70 million to its provisions, raising the total to €471 million, while HSBC's $900 million charge included a $150 million hit due to heightened risks. Both banks acknowledged the potential impact of tariffs on their financial outlooks, despite reaffirming their 2025 targets.
Deutsche Bank reported its highest quarterly profit in 14 years, with a net profit of €1.78 billion for Q1, up from €1.28 billion a year earlier, driven by strong business operations and cost-cutting measures. Revenues rose by 10% to approximately €8.5 billion, surpassing analyst expectations. All business divisions saw increased pre-tax profits, with asset management up 67% and the investment bank rising 22%. CEO Christian Sewing emphasized ongoing growth and flexibility in a volatile market environment.
Deutsche Bank's CFO, James von Moltke, views the recent US tariff increases as a chance for the bank to capture market share from competitors. He emphasized the bank's role in assisting clients with adapting their supply chains and redirecting investments, particularly towards Europe.
Deutsche Bank has appointed Raja Akram as its new Chief Financial Officer, succeeding James von Moltke, who will continue to oversee the bank's financial strategy until June 2026. Akram, currently Deputy CFO at Morgan Stanley, will officially take on the role in 2026, bringing extensive experience from Citigroup and Morgan Stanley. The bank's leadership transition aims to enhance its growth strategy, with key executives' contracts extended for continuity.
Deutsche Bank has appointed Raja Akram, previously Deputy CFO at Morgan Stanley, as its new Chief Financial Officer, effective October 1. Akram, who has a strong background in finance and leadership roles, will succeed James von Moltke and join the management board on January 1, 2026. This transition is part of the bank's broader management restructuring aimed at enhancing its growth strategy.
Deutsche Bank has appointed Raja Akram, currently deputy CEO at Morgan Stanley, as its new CFO, effective next year, succeeding James von Moltke. CEO Christian Sewing's term has been extended until April 2029, while chief legal officer Stefan Simon will depart in May.In other news, Alexis Kohler, a key adviser to President Macron, will join Société Générale as executive VP in June, overseeing investment banking teams amid the bank's turnaround strategy following recent scandals.
Ardea is expanding its team by hiring Max Fallstrom from Evercore, while Taula Capital's assets have grown to $6.5bn. Deutsche Bank is seeing a cluster of ex-Citi hires, including CFO Raja Akram and M&A head Alison Harding Jones, raising concerns among long-time employees. Meanwhile, M&A bankers face challenges in 2025 as deal processes elongate, prompting job cuts in the sector.
Deutsche Bank has announced significant management changes as it prepares for its growth strategy. CFO James von Moltke will step down in June 2026, with Raja Akram set to succeed him after joining from Morgan Stanley in October 2025. CEO Christian Sewing's contract has been extended until 2029, while Fabrizio Campelli will lead the Americas operations starting May 2025, following Stefan Simon's departure for personal reasons.
Deutsche Bank has appointed Raja Akram, formerly deputy CFO at Morgan Stanley, as its next CFO, effective October 1, 2025. He will succeed James von Moltke, who has been CFO since 2017, as part of a leadership transition aimed at solidifying the bank's operations and preparing for future growth. CEO Christian Sewing's contract has also been extended through April 2029, emphasizing continuity during this strategic shift.
James von Moltke
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