Marrakesh, Mar. 25. (Morocco-News) –
Deutsche Bank’s supervisory board has appointed Yngve Slyngstad, former chief executive of the Norwegian sovereign wealth fund, to join the body to replace Gerhard Eschelbeck, who has decided not to stand once more following a five-year term, the bank said. bank Friday.
Mr. Slyngstad headed Norges Bank Investment Management, the world’s largest sovereign wealth fund, for 13 years. This is not the first position in the private sector that the financier occupies following his departure from the fund. In December, Norwegian conglomerate Aker hired him as senior partner and managing director of its asset management division.
The supervisory board will propose the appointment of the Norwegian to the general meeting of shareholders on May 19.
“We are excited to have Yngve Slyngstad join the Supervisory Board,” said Mayree Clark, Chair of the Board’s Nominating Committee. “We will benefit from his network in the global financial sector and his extensive experience as one of the pioneers of sustainable investing.
Mr Slyngstad welcomed the appointment of the bank’s supervisory board and underlined the “crucial role” played by the bank in Europe. He said Deutsche Bank “will play an important role in financing the transition to a sustainable, carbon-neutral economy.”