Deutsche Bank has appointed Stefan Schaffer as the new Chief Executive Officer of its India Global Capability Centre (GCC), succeeding Dilipkumar Khandelwal.

In addition to his role as CEO, Schaffer will serve as the Global Chief Information Officer (CIO) for Corporate Functions and Head of Global Technology Centres.

Key Points

• This strategic leadership change underscores Deutsche Bank's commitment to innovation and operational excellence in India, a key hub in its global operations.
• Schaffer will oversee Deutsche Bank's India GCC operations and concurrently serve as Global CIO for Corporate Functions and Head of Global Technology Centres.
• Joining Deutsche Bank in 2020, Schaffer has held several senior roles, including Managing Director for Central CIO Private Banking and Head of the Bucharest Technology Centre.
• Deutsche Bank's India GCC employs over 23,000 professionals, including 8,000 engineers, across major hubs in Bengaluru and Pune, highlighting India's pivotal role in the bank's global strategy.