Deutsche Bank AG Chief Executive Officer Christian Sewing said he’s not planning an all-out retreat from investment banking as Germany’s largest lender cuts back its global ambitions.
“The corporate and investment bank will always be the core DNA of Deutsche Bank and will always have at least half of the revenues,” Sewing said at an appearance with German Finance Minister Olaf Scholz in Berlin on Wednesday. The bank’s planned restructuring, which began almost immediately after his appointment in April, “is not a reinvention of Deutsche Bank,” he said.
