Deutsche Bank Investment Banker Pay Tops Goldman Sachs
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Deutsche Bank AG, Germany’s biggest bank, set aside more in compensation for employees of its corporate and investment bank in the first nine months of 2010 than Goldman Sachs Group Inc.
Deutsche Bank reserved enough money to pay 285,352 euros ($394,499) to each of the 16,194 workers at the division, which includes transaction banking, company data show. That compares with personnel costs per employee of $370,706 at Goldman Sachs, where the figures include support staff and employees at units with pay that may be lower than in the investment bank. The firms didn’t provide more detailed information.