Deutsche Bank AG (DBK)’s Sal. Oppenheim wealth-management unit is cutting 12 of about 100 client advisers after introducing stricter performance measurements, Financial Times Deutschland reported, citing unidentified people in the financial market.
Some of those asked sign termination agreements have already left the bank, the newspaper said. Sal. Oppenheim confirmed the introduction of the new benchmarks, the FTD reported.
To contact the reporter on this story: Cornelius Rahn in Frankfurt at firstname.lastname@example.org
To contact the editor responsible for this story: Kenneth Wong at email@example.com