Deutsche Bank CEO Christian Sewing will hand over oversight of the investment bank to board member Fabrizio Campelli, the German bank said on Monday, as part of an overhaul of the management board.

The move is likely to reassure regulators, who worried that Sewing had too much on his plate, potentially leaving the investment bank open to operational hazards.

Germanys biggest bank was one of the few major banks in the world to assign daytoday oversight of investment banking to its chief executive. At most banks, other board members oversee the division.

Reuters had reported in January that Sewing was under pressure from regulators to relinquish daytoday oversight the division.

The European Central Bank and Germanys finance watchdog BaFin declined to comment.

Campelli has previously been the banks chief transformation officer.

The investment bank is the German lenders main profit driver, but also represents a concentration of risk for a bank that is deemed systemically important in terms of the functioning of the global financial system.

Earlier this month, Campelli said the investment bank was off to a strong start in 2021, with revenue up about 20 so far in the first quarter compared with a year earlier.

Sewing, whose contract was also extended to 2026, will also take charge of human resources at management board level.

Among other changes announced, Rebecca Short will join the management board to oversee transformation and the capital release unit. She will be…