Deutsche Bank investment chief in talks to leave: report

New York

DEUTSCHE Bank AG's investment banking head Jeffrey Urwin is in talks to step down from his post, potentially passing responsibilities to chief financial officer Marcus Schenck, the Wall Street Journal reported, citing unidentified people familiar with the matter.

Mr Urwin, 61, has told colleagues he plans to retire, the newspaper said. He joined the bank in 2015 from JPMorgan Chase & Co and oversees the division that advises clients on selling stocks and bonds, as well as on mergers. His departure would be a stark turnaround. He was among former co-chief executive officer Anshu Jain's last big hires, and he has since expanded his responsibilities under current CEO John Cryan.