Deutsche Bank said reviewing more management changes

Deutsche Bank - External

Deutsche Bank is reviewing further management changes as the bank tries to cut costs and shrink, two people with knowledge of the plan said.

Bloomberg News reports that the review of the eight-member management board is driven by supervisory board Chairman Paul Achleitner and a decision may be announced within the next couple of months, said the people, who asked not to be identified as the talks are private.

Co-Chief Executive Officers Anshu Jain and Juergen Fitschen are also studying further changes below management board level, one of the people said. The two will keep their positions as plans currently stand, the people said.

The co-CEOs are under pressure as investors question whether the plan they announced last month to scale back the consumer banking unit will revive earnings. 

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

Deutsche Bank Said to Review Further Changes to Management Board

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