Deutsche Bank named Raja Akram as its incoming chief financial officer, effective October 1. Akram will be succeeding James von Moltke as CFO after a transition period.
“I’m honored to join Deutsche Bank, which is Europe’s leading bank with global reach,” Akram said. “I have been impressed with the bank’s transformation in recent years and the immense growth potential and greatly look forward to working with Christian and the rest of the Management Board.”
According to the company’s statement on Thursday, Akram will become a member of the management board effective January 1, 2026.
READ: Sudarshan Mandayam named Bounteous CEO (March 27, 2025)
Akram joins from Morgan Stanley where he has been Deputy Chief Financial Officer since 2020. Originally from Pakistan, Akram moved to the United States in 1992 to pursue his education at Texas A&M University, earning his bachelor’s and master’s degrees in 1995 and 1997, respectively.
Akram began his career at KPMG and Fitch Ratings before joining Citigroup in 2006, where he held various key finance positions, including Deputy Controller and Chief Financial Officer for Treasury & Trade Solutions. He also served in leadership roles in Brazil. In addition to his corporate roles, Akram has been a member of the Board of Directors at the Central Asia Institute and a visiting professor at Texas A&M University’s Mays Business School.
Currently, Akram is based in New York City but in his new role as CFO, Akram will be working from Deutsche Bank’s headquarters in Frankfurt, Germany.
READ: Are $100 million paydays no longer a reality for CEOs? (March 25, 2025)
“As the bank completes its current strategy cycle this year, it is a natural point in time to hand over the CFO responsibilities to Raja Akram. Raja is strongly positioned to lead Deutsche Bank’s Finance function, building on his comprehensive global experience and impressive track record,” said Alexander Wynaendts, Chairman of the Supervisory Board at Deutsche Bank.
This appointment is part of Deutsche Bank’s broader management restructuring aimed at driving the next phase of its growth strategy. As the first quarter of 2025 concludes, the bank is implementing these leadership changes to position itself for future success.