Deutsche Bank's group general counsel and chief governance officer has stepped down after just over two years in the role, the bank has confirmed.

Florian Drinhausen, who replaced Deutsche Bank's co-general counsels Christof von Dryander and Simon Dodds in January 2018, will leave the company on May 31. According to a statement by the bank, Drinhausen is departing by "mutual agreement".

The statement adds that, while a replacement is sought, Drinhausen's role will be taken up by chief legal officer Stefan Simon.

Drinhausen has been with Deutsche Bank for just over six years, with previous roles including general counsel for EMEA, and co-general counsel for Germany.

According to his LinkedIn profile, Drinhausen was previously a partner at Magic Circle firm Linklaters for over 13 years.

Chairman of Deutsche Bank's management board, Christian Sewing, said in the statement: "With Florian Drinhausen's departure, Deutsche Bank is losing a valued colleague.

"With his experience and expertise, Florian Drinhausen has made a significant contribution to bringing to a close the complex legal disputes of the past and reducing the bank's legal risks. We are sorry that he is leaving Deutsche Bank and wish him all the best for the future."

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