Deutsche Bank has promoted two senior executives in moves that position them as potential successors to Chief Executive Christian Sewing, according to people familiar with the matter.

The promotions come as Germany's largest bank continues its strategic restructuring efforts under Sewing's leadership. The executive changes signal the bank's efforts to strengthen its leadership pipeline and prepare for eventual succession planning.

Sewing has been leading Deutsche Bank since 2018, steering the institution through a major transformation that included significant cost-cutting measures and a retreat from some investment banking activities. The bank has shown signs of stabilization in recent quarters after years of losses and regulatory challenges.

The identity of the promoted executives and their new roles were not immediately disclosed. Deutsche Bank declined to comment on the personnel moves beyond confirming the promotions had taken place.

Succession planning has become a key focus for major European banks as they navigate regulatory pressures and competitive challenges in the financial services sector. Deutsche Bank's board is expected to continue monitoring the development of potential internal candidates for senior leadership positions.