Flavio Valeri to leave Deutsche Bank

Maria Nikolova

Roberto Parazzini will succeed Flavio Valeri as CEO of Deutsche Bank Italia.

Deutsche Bank has announced changes to the Italian franchise and to the Management Board of Deutsche Bank S.p.A. After a 20-year career with Deutsche Bank, including 12 years of consecutive service as Chief Country Officer Italy and Chief Executive Officer at Deutsche Bank S.p.A., Flavio Valeri has decided to leave Deutsche Bank to pursue new challenges.

On Thursday, the Supervisory Board of Deutsche Bank S.p.A. appointed Roberto Parazzini as Chairman of the Management Board and CEO of Deutsche Bank S.p.A., subject to regulatory approval. Parazzini will also become Chief Country Officer of Deutsche Bank in Italy, and, effective July 1, 2020, General Manager of Deutsche Bank AG Milan Branch.

Roberto Parazzini joined Deutsche Bank in 1999 after studying Engineering at the Politecnico di Milano. Following a variety of roles, including Chief Operating Officer of Deutsche Bank Italy and Head of Asset and Wealth Management Italy, Parazzini has most recently been responsible for the Wealth Management business in Southern and Western Europe.

In addition to these changes, Serdar Oezkan has been appointed Chief Financial Officer (CFO) and Member of the Management Board of Deutsche Bank S.p.A., replacing Carmine Di Martino who will leave the bank.

Serdar Oezkan is an MBA Graduate from Ludwig Maximilans University in Munich. Over a 14-year career with Deutsche Bank, he has occupied various leadership roles within the bank’s finance unit in Frankfurt and New York, most recently leading the teams responsible for the delivery of Deutsche Bank’s financial statements.

Roberto Cabiati, Chief Information Officer of Deutsche Bank Italy, has also been appointed as a new member of the Management Board of Deutsche Bank S.p.A.

Roberto Cabiati graduated in Business Administration from the Bocconi University in Milan. Following experience at Banca Popolare di Milano and Accenture, Mr. Cabiati has worked for 23 consecutive years at Deutsche Bank Italy, where he has performed roles including Chief Information Officer, Chief Operating Officer for Private and Business Clients, Italy and Head of International Banking Services.

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