Bloomberg - Another Deutsche exec exits as exodus continues

Departure Sign

A string of top managers have departed.

Bloomberg News reports that Deutsche Bank’s head of emerging-market debt trading has become the latest top executive to exit as high turnover roils Europe’s biggest investment bank.

Sean Bates, who held senior roles at the firm since before the 2008 financial crisis, will be succeeded by James Davies, Deutsche Bank spokesman Charlie Olivier said Monday. Bates declined to comment.

A string of top managers have departed since Christian Sewing took over as chief executive officer last month and signaled a restructuring of the struggling lender after years of losses. The fixed-income trading unit, where Bates oversaw dealing in debts tied to riskier economies, is one of the businesses that bedeviled Sewing’s predecessor, John Cryan.

Hit the link below to access the complete Bloomberg News article:

Deutsche Bank's Emerging Market Debt-Trading Head Joins Exodus

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