Deutsche Bank Loses Senior Executives After Bonuses Slashed
- At least three executives in Asia and one in Frankfurt leave
- Bank said to have paid out deferred compensation last month
Deutsche Bank Senior Executives Flee on Bonus Cuts
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Deutsche Bank AG, which slashed bonuses for a second straight year, saw several senior employees leave after paying out deferred compensation for previous years.
At least three executives -- Kevin Burke, Neil Hosie and Patrick Kelly -- departed from the lender’s trading unit in Asia, and one executive, Holger Knittel, took a new job in the bank’s home town of Frankfurt. Deutsche Bank paid out deferred compensation last month, two people familiar with the situation said.