Deutsche Bank Reshuffles Senior Management
- Investment bankers Fan, Faissola, Leithner to leave positions
- Wealth management to be moved to consumer banking division
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Deutsche Bank AG is replacing senior managers who helped build the company’s securities unit and reorganizing its money-management business as co-Chief Executive Officer John Cryan prepares to cut back his predecessor’s trading empire.
Colin Fan, 42, the co-head of the firm’s investment banking and trading unit, will resign effective Monday while Michele Faissola, a former senior banker at the fixed-income business who now leads asset and wealth management, will leave after a transition period, the company said in a statement on Sunday.