Michele Allison exits Deutsche Bank after 12 years

Renee Calabro will pick up her responsibilities at the financial institution.


NEW YORK: Deutsche Bank’s comms head for the Americas, Michele Allison, is exiting the company after 12 years. Renee Calabro will pick up her responsibilities at the bank.

Allison, now MD and head of communications for the Americas, will leave Deutsche Bank next month to work for a nonprofit, a source familiar with the matter told PRWeek.

Her responsibilities will be folded into Calabro’s new role, effective upon Allison’s departure, as acting head of internal communications and press and media relations for the Americas.

In her new role, Calabro will report to Michael Golden, the bank’s deputy global head of communications and CSR.

Allison and Calabro were not immediately available for comment.

Calabro has worked at Deutsche Bank since 2005 in various roles. She stepped into her most recent position in August 2013 as head of press and media relations for the Americas. Calabro serves as the lead media spokesperson, and manages external and internal communications for issues affecting the bank’s reputation in the Americas, according to her LinkedIn profile.

Before joining Deutsche Bank, Calabro held account supervisor roles at The Ruth Group, Ruder Finn, and Edelman.

The comms team changes follow a recent leadership transition at the bank. John Cryan took on the position of co-CEO on July 1, after co-CEOs Anshu Jain and Juergen Fitschen announced they were leaving. Cryan will become sole CEO next May, when Fitschen departs.

The bank’s revamped comms team will have to deal with reputational challenges aside from the leadership change. For one, in an effort to settle accusations of rate fixing, the bank recently agreed to pay $2.5 billion in penalties to the US and British authorities.

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