Deutsche Bank rewires its GCC playbook

New India GCC CEO to push leadership, and AI roles

- SHIVANI SHINDE

Deutsche Bank is restructuring and transforming its global capability centres (GCCs) into strategic hubs that drive innovation, leadership, and deeper integration with the bank's core operations.

The first major step in this direction is the appointment of Stefan Schaffer as chief executive officer of Deutsche India, the GCC of Deutsche Bank Group.

Schaffer, who also serves as chief information officer for corporate functions and head of global technology (tech) centres at Deutsche Bank, has relocated to India for this transformation.

“The bank’s vision is clear — to continue transforming these centres from cost-focused service hubs into strategic locations driving innovation and leadership. My experience in building tech centres and aligning them with global strategy positioned me well to lead this change. The goal is to integrate these centres more deeply into Deutsche Bank’s core operations and develop local leadership for global roles,” he told Business Standard in his first interaction since taking on this role.

Schaffer sums up his mandate simply: shift the mindset from “we are serving Deutsche Bank” to “we are Deutsche Bank”.