FRANKFURT (dpa-AFX) - Deutsche Bank is getting a new head of private clients four months earlier than expected. Claudio de Sanctis will take over responsibility for this division from outgoing Deutsche Bank vice chairman Karl von Rohr as a new member of the board of management on July 1, Germany's largest financial institution announced Tuesday. Also as early as July 1, von Rohr would hand over board responsibility for Deutsche Bank's asset management business, which mainly consists of the majority stake in fund company DWS, to Chief Financial Officer James von Moltke.

As announced in April, von Rohr will remain a member of the Management Board until his contract expires on October 31, 2023, and will assist his successors in an advisory capacity. At the end of April, Deutsche Bank had announced that de Sanctis and von Moltke would take over von Rohr's board responsibilities "from November 1 at the latest." The possibility of an earlier handover had already been provided for in the Supervisory Board resolution at the time, the bank now explained: "It creates clear responsibilities at an early stage."/ben/DP/zb