Japan CEO to replace Clive Smith at Deutsche Bank

John Macfarlane will take up office as chairman of the bank in Australia and New Zealand in mid-June.

Deutsche Bank has appointed its current chief executive officer for Japan, John JT Macfarlane, to succeed its Australia and New Zealand chairman, Clive Smith, who will retire in mid-June after nearly 50 years in the Australian financial services industry.

ôJT is an ideal successor to Clive as chairman, having worked collaboratively with local CEO Chum Darvall and the senior management team in Australia for many years,ö says group executive committee member, Juergen Fitschen, in a written statement. ôClients today need...

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