East & Partners

Further management shakeup at Deutsche Bank

(19 April 2018 – Europe) Kim Hammonds, chief operating officer at Deutsche Bank, is leaving the bank amid a continuing review of the banks executive suite.

Hammonds departure follows that of CEO John Cryan, head of investor relations John Andrews and Marcus Schenck who was a top investment banker who have all recently left the bank.

Hammonds had been in charge of streamlining the bank’s IT systems but she came under scrutiny after disparaging comments she made after the bank become public.

A replacement will be named after consultations with regulators.

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