Germany's largest lender has appointed new wealth management leadership in its home market.

Deutsche Bank has appointed Daniel Kalczynski and Anke Sahlén as co-heads of wealth management in Germany.

Kalczynski joined Deutsche Bank back in 1990. He has been managing the German wealth management business on an interim basis since April, in addition to his responsibility as chief operating officer of wealth management, Germany. Previously, he was COO of asset and wealth management, Germany. He has also served as head of sales management and the southern region for wealth management, Germany.

Sahlén has been with Deutsche since 1993, advising wealthy clients both nationally and internationally. She leads the wealth management team for Eastern Germany and is a member of the management board for that region.

This publication is awaiting confirmation from the bank on whether Kalczynski and Sahlén replace anyone in their new roles.

The pair, based in Frankfurt, will be responsible for spearheading growth in the German market. They will oversee Sal Oppenheim and Deutsche Oppenheim Family Office, while enhancing cooperation with colleagues in Deutsche Bank’s private, wealth and corporate clients division to ensure wealthy clients have access to products and services within the bank.

“The appointment of Anke and Daniel demonstrates continuity and stability – values to which wealthy clients attach great importance,” said Fabrizio Campelli, global head of wealth management. “I am pleased to appoint two recognised wealth management experts whose expertise and abilities complement one another.”

Deutsche Bank recently revealed that its pre-tax profit plunged 67 per cent year-on-year in the second quarter of 2016 to €408 million ($449 million) amid challenging macroeconomic conditions and the lender's ongoing restructuring efforts.