Deutsche Bank has promoted a London-based senior risk officer to oversee financial crime-fighting responsibilities globally, replacing an executive who is leaving for Danske Bank , according to a memo to employees released Thursday.

Stephan Wilken, who has been with Deutsche Bank more than 20 years, will become head of anti-financial crime and chief of anti-money-laundering October 1, according to the memo from Sylvie Matherat, the bank’s chief regulatory officer and a management-board member.