European Digital Bank N26 Appoints Peter Kleinschmidt to Supervisory Board

N26 recently announced the appointment of Peter Kleinschmidt to the Supervisory Board of N26 AG following its 2024 Annual General Meeting.

Peter, an avid investor in startups with a focus “on new and emerging technology, brings decades of experience in the financial services, banking and insurance industries.”

Formerly a partner at PricewaterhouseCoopers (PwC), where he “spent almost 30 years as an auditor and tax advisor in the company’s Audit division, he has worked with and audited the financial statements of multiple national and international banks and financial conglomerates.”

In addition, he was also responsible “for advising and consulting on IT risk management, anti-money laundering, governance and compliance, as well as digital transformation topics.”

Peter will take on the role of Chair of “the Supervisory Board’s Audit and Risk Committee, working closely with existing members of N26 AG’s Supervisory Board Marcus W. Mosen, Jörg Gerbig, Dr. Barbara Roth and Déborah Carlson-Burkart, as well as N26’s executive leadership team.”

He takes over from Dr. Julian Deutz, who will “step aside from his board duties after two successful years to focus on his existing professional obligations.”

Marcus W. Mosen, Chair of the N26 AG Supervisory Board said:

“I very much thank Julian Deutz for the trustful cooperation over the last two years. With Peter we further strengthen the bench of industry experts on N26’s supervisory board with his deep expertise as an auditor and consultant in the financial services industry. We are very pleased to have someone with such comprehensive experience on the board as N26 looks to the future.”

Peter Kleinschmidt said:

“N26 is building a tremendously exciting business that can truly set new standards in the finance and banking industry. I look forward to working with the team and being part of this journey.”

Valentin Stalf, Founder and CEO said:

“We would like to extend our heartfelt gratitude to Julian for his invaluable advice, counsel and partnership over the past two years, and a warm welcome to Peter as he joins our Supervisory Board.”

As covered, N26 is Europe’s digital bank with “a full German banking license.”

It offers a simple, secure and customer-friendly mobile banking solution “for more than 8 million customers in 24 markets across Europe.”

N26 processes over 100bn EUR “in transactions a year and currently has a 1,500-strong team of more than 80 nationalities.”

The company is headquartered in Berlin, with “offices in multiple cities across Europe, including Vienna, Paris, Milan and Barcelona.”

Founded by Valentin Stalf and Maximilian Tayenthal in 2013, N26 has “raised close to US$ 1.8 billion from some of the world’s most renowned investors.”

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