Skip to content
Subscriber Only

Deutsche Bank CEO Mulls Outside Hire to Lead Investment Bank

  • Christian Sewing had taken on personal responsibility for unit
  • Former head Garth Ritchie departed as part of restructuring
Christian Sewing
Christian SewingPhotographer: Alex Kraus/Bloomberg
Updated on

Deutsche Bank AG Chief Executive Officer Christian Sewing is considering whether to appoint a new investment banking head after ousting Garth Ritchie during his recent restructuring, people familiar with the matter said.

Sewing -- who had assumed direct oversight after Ritchie’s departure -- thinks it may make sense to relinquish the extra responsibility to focus fully on his CEO role, the people said. No decision has been taken and it’s not clear if any potential candidates have been approached about the role overseeing the bank’s biggest source of revenue, the people said, asking not to be identified discussing internal deliberations.