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FRANKFURT (Reuters) – Deutsche Bank said on Sunday it had appointed Laura Padovani to its board of directors responsible for compliance and financial crime prevention, adding a woman to the German bank’s male-dominated senior positions.
The promotion of Padovani, who joined Deutsche Bank last year as head of compliance, will make her the second woman on what will become a 10-person board.
Deutsche Bank has lagged behind many other major European lenders in female representation at board level.
Deutsche Bank Chairman Alexander Weinendz said he aimed to achieve greater gender balance and sought to strengthen internal controls at the bank, which has been in the headlines for years for its shortcomings in issues such as money laundering.
“Now is the right time for her to assume responsibility for key control functions at the board level,” Weinandts said.
The duties of the Board Member are assumed by Stefan Simon, who will continue his role overseeing the Americas and the Legal Department.
