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Deutsche Bank CEO willing to give up investment bank oversight role: Report

Christian Sewing, chief executive officer of Deutsche Bank, is willing to give up his role overseeing the investment bank in the foreseeable future, a person with knowledge of the matter said

Deutsche Bank CEO Christian Sewing

Deutsche Bank CEO Christian Sewing

Reuters FRANKFURT

FRANKFURT (Reuters) - Christian Sewing, chief executive officer of Deutsche Bank, is willing to give up his role overseeing the investment bank in the foreseeable future, a person with knowledge of the matter said on Friday.

The person, speaking on condition of anonymity, said Sewing never intended to permanently keep the job that he added to his duties in an overhaul in 2019.

A spokesman for the bank declined to comment.

Sewing has come under pressure from regulators to relinquish day-to-day oversight of its sprawling investment bank, Reuters reported in January.

Handelsblatt earlier on Friday reported that there is movement on the topic of the dual role.

 

 

(Reporting by Tom Sims; Editing by Rachel Armstrong and Caroline Copley)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 26 2021 | 12:47 PM IST

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