Deutsche Bank supervisory board backs Wynaendts as new chair – memo

FILE PHOTO: Germany's Deutsche Bank headquarters are pictured in Frankfurt

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

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.

(Reporting by Tom Sims; Editing by Andrew Heavens)