Daniel Zapf has been appointed CEO of Deutsche Bank Luxembourg S.A., the bank announced in a press release issued on 19 December 2024. Zapf is currently the deputy CEO of Deutsche Bank’s Luxembourg subsidiary and will also become chief country officer for Deutsche Bank Group in Luxembourg. He previously worked for Deutsche Bank in Frankfurt, London and Amsterdam before joining the management board of Deutsche Bank Luxembourg S.A. in 2018.

“We are delighted to have a leader taking over at the helm of the bank in Luxembourg who already has extensive experience at this important location and who will seamlessly continue our success story there. Daniel Zapf’s appointment is a sign of continuity and underlines the central importance of Luxembourg for our clients and our group,” said Ruediger Bronn, chairman of the supervisory board of Deutsche Bank Luxembourg S.A.

Zapf will succeed Frank Rueckbrodt, who will return to the group’s headquarters in Frankfurt after four years as CEO in the grand duchy. In his new role, Rueckbrodt will work on designing the strategic roadmap of Western Europe countries, noted the communiqué. “I would like to thank Frank Rueckbrodt for his successful leadership and the transformation of the bank in Luxembourg over the past four years,” Bronn added. “He has kept Deutsche Bank Luxembourg S.A. on a growth path in challenging times and ensured that it has made a growing contribution to the group’s success.”

Established in 1970, Deutsche Bank Luxembourg provides commercial and investment banking, private banking and wealth management products and services to businesses, institutional investors and individuals. The bank is a direct subsidiary of its parent company, Deutsche Bank AG, and is one of the grand duchy’s systemic banks.