Bloomberg News

Deutsche Bank to Revamp Strategy Unit, Handelsblatt Says

March 29, 2012

Deutsche Bank AG (DBK)’s designated co- Chief Executive Officers Anshu Jain and Juergen Fitschen plan to reorganize the bank’s group strategy and planning department, Handelsblatt reported in an e-mailed summary of an article.

The division will report on matters of strategy to Henry Ritchotte, who will take over as the Frankfurt-based bank’s chief operating officer in June, the newspaper said, citing unidentified people close to the financial industry.

Chief Financial Officer Stefan Krause will be responsible for the department’s planning operations and the sale of assets in the corporate investments division, Handelsblatt said, citing an unidentified person familiar with the matter.

To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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