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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Over S$646,000 spent to store, maintain, safeguard assets in money laundering case
Philippines eyes US$2 billion in its first global bond this year
UniCredit jumps past 60 billion euro market cap to join elite club
New Thai finance minister downplays row with central bank
China's CICC may cut investment banking headcount by at least 10% this year
Apac finance M&A to stay subdued after Q1 decline as uncertainties linger: S&P Global