Deutsche Bank to get new CFO in management shake-up

It also reported net loss of 92 million euros (S$149 million) for Q3 after taking a bad hit from legal costs

New York

GERMAN lender Deutsche Bank has announced a management shake-up that will move the chief financial officer, Stefan Krause, to a newly created post and give his duties to a Goldman Sachs Group partner, Marcus Schenck.

Deutsche Bank also named Christian Sewing to the management board with responsibility for legal affairs, in what appeared to be a stepped up effort to cope with an array of official investigations and lawsuits. Mr Sewing currently holds the title of global head of group audit...

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