Deutsche Bank makes double COO appointment

Monday 12 June 2017

Deutsche Bank has created two senior operating roles in the Channel Islands and appointed Simon Stormer as Channel Islands Chief Operating Officer (COO) and Jackie Foot as COO for Wealth Management, both based in Jersey.

The two appointments follow the bank’s decision earlier this year to split its regional COO responsibilities in order to be aligned with its group management model and be able to cope with an increasingly complex regulatory and governance backdrop.

Based in Jersey, Mr Stormer will work closely with Deutsche Bank’s UKI COO, taking on responsibility for the bank’s governance, risk and controls as well as infrastructure, including technology and corporate real estate services across Guernsey and Jersey.

Mr Stormer is a chartered accountant and has more than 30 years of international financial services experience. He most recently worked with Deutsche Bank in the UK as an advisor on corporate governance matters and the implementation of its Senior Manager Regime. He also had responsibility for reviewing and approving new products for investment banking, asset and wealth management, and transaction banking.

Pictured: Jackie Foot has been appointed as COO for the Wealth Management business.

Ms Foot will also be based in Jersey and her role will focus specifically on enhancing the bank’s Wealth Management platforms. Ms Foot has been working in corporate, private and retail banking for the past 30 years. She joined Deutsche Bank in 2006 and has worked within its Wealth Management division for seven years across multiple locations, including Switzerland where she held a senior operational risk role. She was most recently Head of Corporate Services in Jersey.

Andreas Tautscher, Chief Country Officer at Deutsche Bank Channel Islands, said: “Having taken the decision to create two senior operational roles in the face of an increasingly complex environment, with Jackie and Simon’s considerable international compliance, governance and operational experience, these appointments position us very strongly to carry out our strategy in the Channel Islands.”

“I would also like to thank our outgoing COO Paul Shevlin for all his hard work and significant contribution to the Bank over the years.”