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Deutsche Bank Investment Bank Head Ritchie Leaves in Revamp

  • CEO Sewing will take over his investment bank responsibilities
  • German lender has been working on a sweeping restructuring
Updated on

Deutsche Bank AG investment bank head Garth Ritchie is leaving, marking the first official casualty of an overhaul that’s shaping up to be the largest in the lender’s recent history.

Ritchie will depart at the end of the month “by mutual agreement,” the bank said in a statement on Friday. Chief Executive Officer Christian Sewing will take over responsibility for the division and further changes to the investment bank’s leadership will “follow in due course,” the bank said in the release.