Deutsche Bank announced today that it has appointed Michael Diederich as Global Co-Head of its Corporate Bank, effective beginning of October. Based in Frankfurt, he will focus particularly on Germany and partner with David Lynne to jointly lead the division. Diederich will also become a member of the Group Management Committee. He will report to Fabrizio Campelli, Management Board Member and Head of Corporate Bank and Investment Bank.

Diederich brings over 20 years of experience in the banking industry, primarily in corporate and investment banking. From 2018 to 2023, he was Spokesman of the Management Board of UniCredit Bank in Germany and also a member of the Group Executive Committee of UniCredit S.p.A. in Milan. He has also previously held various management positions, which include responsibility for Corporate and Investment Banking at UniCredit Bank. Most recently, Diederich, who holds a PhD in business administration, served as Vice Chairman of the Management Board and Chief Financial Officer of FC Bayern München.

With Diederich’s appointment, Deutsche Bank underscores its Global Hausbank ambition to be the first point of contact for companies in Germany and Europe – from upper mid-sized businesses to multinational industrial groups.  

Michael is one of the most renowned corporate banking experts in Germany, with strong client relationships, a deep understanding of German industry, an international network and a strategic eye for complex financial solutions. In this phase of economic realignment, this combination of local anchoring and global perspective is invaluable for our clients. We are delighted that he will be joining us to further strengthen the excellent team of our Corporate Bank in our home market,” says Fabrizio Campelli, Member of the Management Board and Head of Corporate Bank and Investment Bank. “David Lynne has already successfully led the Corporate Bank on a growth path in recent years and, with our expanded leadership and Michael’s contribution, we are even better positioned to serve our corporate clients, seize opportunities and establish ourselves as the leading corporate bank in Europe.”

David Lynne adds: “In the current geopolitical environment, many companies around the world are showing great interest in Germany and Europe. Considerable investment will be made in technology, infrastructure and defence in the coming years, so we see great demand for our services as a leading corporate bank. I look forward to further developing our division together with Michael and our strong team.”

Michael Diederich says: “I am looking forward to partnering with David to further develop Deutsche Bank’s corporate client business globally – with a particular focus on Germany as the industrial heart of Europe. The German economy is facing an enormous transformation – making it all the more important that we, as a bank, not only help finance our clients, but also think ahead, make connections and offer tailored advice to support them.”