GERMANY – Jürgen Fitschen has been appointed member of the board of managing directors at Deutsche Bank.
Previously Fitschen was a divisional board member and member of the executive committee of the corporate and investment bank.

In a separate move, Stephen Pitts has been appointed managing director in the bank’s European leveraged finance group. Based in London, he will focus on the telecommunications sector but will also be responsible for the media and technology sectors.

Pitts joins from KPNQwest where he was a senior vice president and head of corporate development.