Deutsche Bank has announced the appointment of Stefan Schaffer as the new CEO of its India Global Capability Centre, marking a significant leadership transition for the bank’s operations in one of its most important technology hubs. Schaffer takes over from Dilipkumar Khandelwal, who stepped down to pursue new opportunities in the startup sector after a successful tenure leading technological transformation and innovation for the bank in India.
He will also serve as the global Chief Information Officer for corporate functions and head of global technology centres, reflecting Deutsche Bank’s strategic focus on driving innovation and operational excellence across its global footprint.
Stefan Schaffer brings nearly three decades of experience in technology leadership, having previously served as Managing Director and Head of Shared Applications and Services at Deutsche Bank, as well as leading the bank’s technology centre in Bucharest, Romania. His expertise spans enterprise IT solutions, risk management, compliance, and digital transformation, making him well-suited to steer Deutsche Bank’s India GCC through its next phase of growth and innovation.
The India Global Capability Centre is a critical component of Deutsche Bank’s global technology strategy, supporting the bank’s digital initiatives, software development, and operations for both domestic and international markets. The appointment underscores Deutsche Bank’s commitment to investing in India’s rapidly expanding technology and banking talent pool, as the country continues to emerge as a preferred destination for global capability centres.
Also Read: RBI Grants Approval to PayPal and Worldline as Cross-Border Payment Aggregators
As CEO of Deutsche Bank’s India Global Capability Centre, Stefan Schaffer will be responsible for advancing the bank’s technology agenda, nurturing talent, and ensuring the continued delivery of best-in-class solutions to clients worldwide. His appointment is expected to further strengthen Deutsche Bank’s position as a leader in digital banking and global financial services, leveraging India’s strengths in technology and innovation.
