Deutsche's head of fixed income quits 'to walk the earth'

Departure

Richard Herman, global head of fixed income and currencies at Deutsche Bank, told employees he’s leaving after 20 years at the company to pursue interests outside of finance.

'For a short period of time at least, to quote Samuel Jackson in ‘Pulp Fiction,’ I’m going to ‘walk the earth,’ Herman said Monday in a memo. 'This is an entirely personal decision'.

Bloomberg News reports that Deutsche Bank disclosed plans in April to reduce the size of its investment bank and sell some consumer operations.

Debt sales and trading operations will receive additional investment as the firm seeks to become more profitable, according to an April 27 presentation.

To access the complete Bloomberg News article hit the link below:

Deutsche Bank’s Veteran Says He’s Leaving to ‘Walk the Earth’

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