Deutsche Bank AG announced changes to its leadership structure, effective August 1, as part of an ongoing restructuring that could cost the German lender. The German lender confirmed that management board members Sylvie Matherat and Frank Strauss will leave the bank July 31. Matherat has been chief regulatory officer since 2015, while Strauss has been responsible for private and commercial banking since 2017. Garth Ritchie, whose departure as head of corporate and investment banking and a management board member was announced earlier, will advise the bank until the end of November. Additionally, Christiana Riley, Bernd Leukert and Stefan Simon will join as new members of the bank's management board. Christiana Riley will oversee the Americas business with immediate effect, reporting to CEO Christian Sewing until regulatory approval for the new role is received. She previously worked at the bank's strategy department and has been the bank's CFO for the corporate and investment bank since April 2015. Leukert, meanwhile, will take over digitalization, data and innovation on Sept. 1 and report to Frank Kuhnke until regulatory approval is secured for his management board position. He has been a member of SAP SE's management board since 2014. Simon will take over as chief administrative officer and will be in charge of regulatory and legal matters, reporting to Karl von Rohr until he receives regulatory approval for the new role. He became a member of the bank's supervisory board in August 2016. Stefan Hoops, who joined the bank in 2003 and became head of the global transaction banking and CIB Germany in 2018, will oversee the new corporate banking unit. CEO Christian Sewing will become responsible for the corporate bank and investment bank, while the responsibility of the private bank and DWS will be given to President Karl von Rohr, who will also continue to oversee the German business. COO Frank Kuhnke will take over the reins of the capital release unit as well as the Europe, Middle East and Africa business, while Chief Risk Officer Stuart Lewis will additionally lead compliance and the anti-financial crime unit and also take responsibility of the U.K. and Ireland business. Deutsche also named Mark Fedorcik head of investment bank and Ram Nayak to oversee the fixed income, and currency sales and trading in the investment bank. Fedorcik joined the lender in 1995 while Nayak has been with the bank since 2009.