Alexander Wynaendts, an outsider with experience in insurance and banking, has been named Deutsche Bank AG’s next chairman.
Mr. Wynaendts, a 61-year-old Dutchman, was the CEO of Aegon NV, Dutch insurance, for 12 years, till 2020. He began his career with ABN Amro NV, where he worked for 13 years in private and investment banking in Amsterdam and London, according to a statement released by Deutsche Bank on Friday.
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Citigroup Inc., Uber Technologies Inc., and Air France-KLM all have Mr. Wynaendts on their boards. He will resign from Citigroup, according to the statement.
He will succeed Paul Achleitner, who has served as chairman of the company’s supervisory board for nearly a decade.
