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Deutsche Bank is close to appointing Citi treasurer James von Moltke as the German bank’s new chief financial officer.

A person familiar with the situation confirmed the imminent appointment, which was first reported by Bloomberg.

Mr von Moltke replaces Markus Schenck, who moves to co-head the investment bank.

Deutsche declined to comment. Citi could not immediately be reached for comment, while Mr von Moltke did not immediately respond to requests for comment.

Copyright The Financial Times Limited 2018. All rights reserved.

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