Deutsche Bank Names Next Chairman

Deutsche Bank AG said it picked Alexander Wynaendts, an outsider with experience in insurance and banking, to be its next chairman.

Mr. Wynaendts, a 61-year-old Dutchman, was the chief executive officer of Dutch insurer Aegon NV for 12 years through 2020. He began his career at lender ABN Amro NV, where he spent 13 years in private and investment banking in Amsterdam and London, Deutsche Bank said in a statement Friday.