Edition:
United Kingdom

Deutsche Bank Says Restructuring Actions Will Include A Workforce Reduction Of Approximately 18,000 Full-Time Equivalent Employees To Around 74,000 Employees By 2022


Sunday, 7 Jul 2019 

July 7 (Reuters) - Deutsche Bank AG ::DEUTSCHE BANK SAYS HAS ENTERED INTO A PRELIMINARY AGREEMENT WITH BNP PARIBAS TO PROVIDE CONTINUITY OF SERVICE TO ITS PRIME FINANCE AND ELECTRONIC EQUITIES CLIENTS.DEUTSCHE BANK SAYS RESTRUCTURING ACTIONS WILL INCLUDE A WORKFORCE REDUCTION OF APPROXIMATELY 18,000 FULL-TIME EQUIVALENT EMPLOYEES TO AROUND 74,000 EMPLOYEES BY 2022.DEUTSCHE BANK SAYS PRESIDENT KARL VON ROHR WILL TAKE ON RESPONSIBILITY FOR THE PRIVATE BANK AND ASSET MANAGEMENT (DWS).DEUTSCHE BANK SAYS CHIEF OPERATING OFFICER FRANK KUHNKE WILL GAIN RESPONSIBILITY FOR THE CAPITAL RELEASE UNIT AND FOR THE EUROPE, MIDDLE EAST AND AFRICA (EMEA) REGION.DEUTSCHE BANK SAYS CHIEF RISK OFFICER STUART LEWIS WILL ASSUME ADDITIONAL RESPONSIBILITY FOR COMPLIANCE AND THE ANTI-FINANCIAL CRIME UNIT.DEUTSCHE BANK SAYS JAMES VON MOLTKE WILL CONTINUE IN HIS ROLE AS CHIEF FINANCIAL OFFICER.DEUTSCHE BANK SAYS WERNER STEINMÜLLER REMAINS CEO OF THE ASIA-PACIFIC REGION.