Deutsche Bank has announced the upcoming appointment of John Andrews to the position of head of investor relations, reporting to the banking giant’s CFO Stefan Krause. He will succeed the firm’s IRO of three years, Joachim Müller, who is moving on to serve as CFO for the EMEA region, starting next September.
Andrews, who started his career in treasury, is an IR veteran in the banking world, having led the IR departments of three global banking groups as well as hedge fund Citadel Investment over a 17-year career.
After prime roles at Goldman Sachs and Morgan Stanley, he joined Citigroup to serve as head of IR in March 2009, where he remained until July 2012, when he was abruptly moved to a new role in institutional client content development following a fall out with shareholders at the firm’s AGM last year.
At the time, the bank reportedly denied that Andrews was being held responsible for the result of the say-on-pay poll that saw the majority of voters refuse to back the remuneration report.
Citigroup’s investor discontent was part of a wider ‘shareholder spring’ that swept through Europe and the US last year, causing major unrest at the annual meetings of numerous large listed firms, including Aviva, Carrefour and News Corp.
Thanking Müller for his services and welcoming Andrews in a press release, Krause says: ‘We are pleased to have recruited John Andrews to this vital position. He brings sound experience and credibility with our stakeholders which will be immensely valuable as the bank continues to pursue Strategy 2015+.’
