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Deutsche Bank restructures business units, senior mgt

[FRANKFURT] Deutsche Bank AG is restructuring its units and management from next year amid a wide-sweeping change of reporting lines.

The company is splitting its corporate banking and securities unit into two and a new division called Corporate and Investment Banking will be created from Jan 1, the Frankfurt- based lender said Sunday.

Jeff Urwin, currently co-head of CB&S together with Colin Fan, will join the Management Board, responsible for corporate & investment banking. Stefan Krause will resign from the management board effective Oct 31.


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