Deutsche Bank, Germany's largest bank by assets, has proposed the election of three new members to its supervisory board.

The three proposed members are John Cryan, president for Europe at Temasek International, Dina Dublon, former chief financial officer of JP Morgan Chase, and Georg Thoma, a partner at law firm Shearman Sterling.

Dr Karl-Gerhard Eick and Werner Wenning will not be standing for re-election at the 23 May 2013 annual general meeting, and Tilman Todenhöfer will stand to be elected until 31 October 2013.

"It is a pleasure to note that we have successfully gained renowned experts in financial matters, market risk and legal issues to join us on the supervisory board. On behalf of all of my colleagues, I would like to express my thanks to the departing members and look forward to working together with the new members," said Dr Paul Achleitner, chairman of the supervisory board.