December 18, 2017 / 11:10 AM / a year ago

Qatar's Deutsche Bank board rep elected to chair integrity committee

FRANKFURT, Dec 18 (Reuters) - Stefan Simon, who represents Qatar’s investment in Deutsche Bank as a member of the supervisory board, has been elected to the chair the board’s integrity committee, a bank spokesman said on Monday.

Simon assumes the position on Jan. 1 from Louise M. Parent, whose board term expires in May.

Simon was appointed to the board in 2016 and has been a member of the integrity committee, which monitors compliance, ethics and legal risks.

Qatar has a nearly 10 percent holding in Germany’s largest lender. (Reporting by Andreas Framke and Tom Sims; Editing by Maria Sheahan)

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