Deutsche Bank supervisory board backs Wynaendts as new chair

Business

Deutsche Bank’s (DBKGn.DE) supervisory board on Sunday signed off on the nomination of Alexander Wynaendts as its next chairman, according to a staff memo.

The support was disclosed in an email by Chief Executive Officer Christian Sewing.

The full board’s backing was a procedural step after a committee of the board on Friday nominated the Dutchman for the post.