Deutsche Bank, Germany’s biggest bank, has announced that former McKinsey & Co senior manager Thomas Poppensieker has been appointed to lead its “efforts to further strengthen its control framework across business divisions and infrastructure functions”.

Deutsche Bank, Germany’s biggest bank, has announced that former McKinsey & Co senior manager Thomas Poppensieker has been appointed to lead its “efforts to further strengthen its control framework across business divisions and infrastructure functions”. The role is a newly created one, a spokesperson told this publication.

Poppensieker will be based in Frankfurt and report to the co-chairmen of the management board, Jürgen Fitschen and Anshu Jain.

Explaining the reasons for his appointment, the co-CEOs said: “We are pleased that Thomas Poppensieker will join Deutsche Bank to further strengthen our control framework, which is a vital component of our Strategy 2015+. Thomas is a recognized expert with an excellent track record in risk management and regulation.”

While the statement from the Frankfurt-listed bank made no reference to it, the appointment follows a period when a number of large banks have had to face up to rising compliance and regulatory controls, and in some cases, been punished for shortcomings. European banks continue to face challenges in terms of capital adequacy against future shocks: last week PricewaterhouseCoopers estimated banks face a total capital shortfall of as much as €280 billion ($384.2 billion).

At McKinsey & Co, Poppensieker was a director, leading the risk management practice in Germany, the European banking risk practice and the market and trading risk service line.