Categories: BankingCurrent Affairs

Deutsche Bank Appoints Stefan Schaffer as CEO of India GCC

Deutsche Bank has named Stefan Schaffer as the new Chief Executive Officer of its India-based Global Capability Centre. He will concurrently serve as the Global CIO for Corporate Functions and oversee Global Technology Centres, reaffirming the bank’s focus on innovation and operational strength through its India footprint.

In a strategic move to bolster its technological and operational capabilities in India, Deutsche Bank has appointed Stefan Schaffer as the new CEO of its India Global Capability Centre (GCC). Schaffer will also take on dual roles as the Global CIO for Corporate Functions and Head of Global Technology Centres, signifying the bank’s strong commitment to its India operations.

Why in News?

The announcement, made on June 2, 2025, highlights Deutsche Bank’s growing reliance on its Indian centres, which support its global operations with over 20,000 employees across four major cities. Schaffer’s leadership aims to strengthen the bank’s engineering, standardisation, and innovation efforts.

Background & Objectives

Deutsche India was established in 2005 as a Global Capability Centre to support Deutsche Bank’s businesses and infrastructure worldwide.
The centre operates in Mumbai, Pune, Bengaluru, and Jaipur.
It provides services in finance, risk, technology, and operations.

About Stefan Schaffer

Joined Deutsche Bank in 2020.
Previously headed the Bucharest Technology Center.
Served as President of the Board of Directors in Romania.
Recently led the Shared Applications and Services vertical.
Known for driving reusability, simplification, and standardisation.

Current Role and Responsibilities

CEO of Deutsche India (GCC).
Global CIO for Corporate Functions.
Head of Global Technology Centres.

Significance

Reinforces India’s growing importance in Deutsche Bank’s global strategy.
Demonstrates the bank’s commitment to technology-driven transformation.
Supports the Clean Architecture and Engineering Manifesto.
Promotes leadership localisation and global collaboration.

Summary/Static	Details
Why in the news?	Deutsche Bank Appoints Stefan Schaffer as CEO of India GCC
Designation	CEO of Deutsche India GCC
Additional Roles	Global CIO (Corporate Functions) & Head of Global Tech Centres
Deutsche India	Established 2005
Cities Covered	Mumbai, Pune, Bengaluru, Jaipur
Workforce Over	20,000 employees
Focus Areas	Finance, Risk, Technology, Operations
Previous Key Roles	Head of Bucharest Tech Center, Shared Apps Lead