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Deutsche Bank Now Requires CEO Approval to Fill Job Vacancies

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Deutsche Bank Hires Now Require CEO Sewing's Approval

Deutsche Bank AG has tightened the way it fills vacancies amid the bank’s largest ever job-cutting program.

The bank now requires division heads to ask for approval from Chief Executive Officer Christian Sewing, Chief Financial Officer James von Moltke and Deputy CEO Karl von Rohr to fill any open positions, according to a memo seen by Bloomberg. Only roles seen as “critical” to the bank should be submitted, the memo says.