The chief of Deutsche Bank AG’s embattled securities division says investors who have hammered the lender’s shares to an all-time low have it wrong.
“The franchise has not been impaired,” Garth Ritchie, a two-decade veteran at Deutsche Bank, said in an interview after the bank last week reported its worst third-quarter revenue in eight years. “I’m very confident that we’ll remain Europe’s number one investment bank for the foreseeable future.”
