Deutsche Bank has appointed senior manager Jacques Brand as
its chief executive for North America, joining
the Frankfurt-listed bank’s group executive committee. He takes over from Seth
Waugh, who as announced in February this year is stepping down after a decade
in the post.

Brand, 52, has been at Germany’s
largest bank since 1999, joining in New
York. Most recently, he has been the global head of investment
banking coverage and advisory in its corporate banking and securities division.

The bank pointed out that that under his watch, Deutsche
Bank’s corporate finance market share in the US increased by 75 per cent since
2008 (source: Dealogic). Among other roles, Brand is chairman of the board of
the American Institute of Contemporary German Studies affiliated with Johns Hopkins
University. He is also a
board member of The Deutsche Bank Americas Foundation and The Jewish Museum in New York.

As part of the change, Waugh will join Deutsche Bank’s Americas advisory
board and become a senior advisor to the bank and its clients.

Meanwhile, Deutsche Bank also announced that it has
appointed Bill Woodley, 46, as deputy CEO of North America, a newly created position, the bank said. Woodley joined the bank in 1998 and most recently has been global chief operating officer of the regional
management division, a position that he will retain. Woodley previously served
in a variety of roles at the bank, including as COO of Asia Pacific.

In 2011, the Americas
region of Deutsche Bank contributed 18 per cent of total net revenues.