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Upheaval at DKB: This banker will now manage the business

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Upheaval at DKB: This banker will now manage the business

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From July 1, 2024, Sven Deglow will be CEO of Deutsche Kreditbank (DKB).

His predecessor, who was CEO for more than ten years, is retiring.

Deglow previously worked at BNP Paribas Personal Investors Germany and gained experience in the direct banking sector.

Deutsche Kreditbank (DKB) is getting a new boss. As of July 1st, Sven Deglow is to become CEO of the BayernLB-owned institution with 5.5 million customers, as the direct bank announced on Wednesday. His predecessor, Stefan Unterlandstättner, is retiring after more than ten years at the helm of DKB.

“We are very pleased that we were able to win Sven Deglow for this prominent position,” said DKB supervisory board and BayernLB boss Stephan Winkelmeier. Deglow has direct banking experience. From 2008 to 2018 he was at Comdirect Bank, and is currently still at BNP Paribas Personal Investors Germany, which includes Consorsbank, among others. Direct banks do not have a branch network and only maintain contact with their customers online and by telephone.

dpa

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