Yngve Slyngstad (Deutsche Bank)

At Deutsche Bank’s Annual General Meeting on May 19, the long-time head of the Norwegian sovereign wealth fund will stand for election to the Supervisory Board: Yngve Slyngstad is to replace former Google security chief Gerhard Eschelbeck, who is stepping down after five years. The 59-year-old Norwegian led the world’s largest sovereign wealth fund for 13 years, where he focused on high ESG standards at an early stage. His nomination thus shows that Deutsche Bank wants to expand the sustainability expertise on the Supervisory Board.

Wynaendts to succeed Achleitner

Yngve Slyngstad meanwhile works as CEO of Aker Asset Management (AAM) in Oslo. There are “no client/transaction relationships” between AAM and Deutsche Bank, according to the agenda of the AGM. There are business relationships with other companies in the Aker Group, but “we have no doubts as to whether they are in line with market practice. In addition to Slyngstad, the designated Chairman of the Supervisory Board Alexander Wynaendts will face the vote of the shareholders at the AGM.