Deutsche Bank Seeks to Avoid Law Suits With Board Changes
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Deutsche Bank AG, continental Europe’s biggest bank, is asking investors to replace three non-bankers supervising its executives with finance and legal experts after litigation-related costs eroded profit last year.
Shareholders meeting in Frankfurt tomorrow will vote on naming John Cryan, president for Europe at Singapore investment firm Temasek Holdings Pte, Dina Dublon, former chief financial officer at JPMorgan Chase & Co., and Georg Thoma, a partner at law firm Shearman & Sterling LLP, to its supervisory board.