Deutsche Bank Launches New Global Markets Unit, Reorganizes Investment Bank

[kreslik.news]

Deutsche Bank has continued to tinker with its operations in the midst of a multi-year restructuring process that has kept Germany’s largest lender on its toes. Weakened by a number of debilitating settlements and profit woes, the group has been one of the most active banks in terms of personnel moves and cost-cutting measures. Its latest initiative will see the reorganization of its investment banking structure, including partitioned roles for its co-heads of unit.

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Marcus Schenck and Garth Ritchie were previously promoted to lead Deutsche Bank’s reorganized corporate and investment ... (read more)