Ex-Commerzbank Risk Chief, Marcus Chromik, Now Risk Board Member at Rival Deutsche Bank
Frankfurt
Deutsche Bank welcomes new board member, Chromik
After a whirlwind week, we've got the skinny on Marcus Chromik's next move! Deutsche Bank spilled the beans on Thursday, confirming that the physicist will join their board in May. In his new role, the 52-year-old takes the helm of the risk division from Olivier Vigneron, who, it seems, declined to renew his contract.
A Dark Chapter Closed
With this move, it looks like a murky chapter in Chromik's career is behind him. After a swift contemplation period in April, this year, he hopped on Unicredit's supervisory board. The twist? Shortly after his arrival, his new suitor, Deutsche Bank, seized the opportunity created by the federal government's sudden partial exit from Commerzbank to make a play for the bank. The extent of Chromik's part in this dance remains hazy. Unofficially, he was kept out of the inner circle to sidestep any potential conflicts of interest. All eyes are on him, though, given his nearly 15-year tenure with Commerzbank.
Kudos from Sewing
In the announcement, Deutsche Bank's CEO, Christian Sewing, showered praise on his incoming board pal, hailing Chromik as a revered risk manager and a commanding leader: "His expertise will bolster our risk management as the global economy grapples with significant challenges."
A Heartfelt Thank You to Vigneron
Sewing also sent a shout-out to outgoing risk chief, Vigneron, for his dedication and camaraderie. Vigneron, who hails from French investment bank, Natixis, joined Deutsche Bank in 2022. Before that, he was a stalwart at J.P. Morgan for over a decade, overseeing risk management in Europe, the Middle East, and Africa and serving as a risk executive for market risks within the group.
While the available information doesn't point to a specific role for Marcus Chromik in the potential dealings between Deutsche Bank and Commerzbank, he is listed as key personnel in Deutsche Bank documentation. Yet, the details of his involvement remain undisclosed. In other financial circles, Marcus Chromik is known for his various appointments but the ins and outs of his role with Deutsche Bank in relation to Commerzbank are not revealed in the provided sources.
- Marcus Chromik, the former Commerzbank risk chief and now a risk board member at Deutsche Bank, may face unforeseen risks due to his nearly 15-year tenure with his former bank, especially given the potential dealings between Deutsche Bank and Commerzbank.
- In his new role at Deutsche Bank, Chromik's departure from Commerzbank could present fresh opportunities for him to manage and mitigate potential risks, applying his expertise in finance and risk management.
- As Chromik takes on his new task at Deutsche Bank, the board of the bank may face new finance-related challenges and risks given the complexities of the global economy, and Chromik's leadership and commanding style could play a crucial role in navigating these risks.
