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Deutsche Bank to Restructure Corporate, Investment Banking

  • Memo defines CIB co-head Schenck, Ritchie’s responsibilities
  • Bank announced combination of investment banking, trading
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Deutsche Bank Delivers Restructure Details

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Deutsche Bank AG is giving Marcus Schenck, co-head of the newly combined investment bank and trading business, responsibility for overseeing clients in a reorganization that will see the bank focus on corporate customers, according to a copy of a memo seen by Bloomberg.

Schenck will also take charge of corporate finance, global capital markets and the institutional client group, while co-head Garth Ritchie will deal with products and processes and oversee operations including equities, fixed income and currencies, the email said. The bank is also creating a combined debt, equity and leveraged capital markets business within the investment bank.