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Deutsche Bank Plans to Return 5,000 Staffers to NYC Offices

  • Demise of New York ‘vastly overstated,’ Christiana Riley says
  • Firm will grow organically, not through acquisitions, she says
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WATCH: Deutsche Bank Americas CEO Christiana Riley says the bank is bringing back 5,000 staffers to New York City.Source: Bloomberg)
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Deutsche Bank AG plans to return 5,000 workers to New York City over the next six months.

Many of the returning staff will still have the option of more flexible working arrangements, Christiana Riley, chief executive officer of Deutsche Bank Americas, said in an interview from the Frankfurt-based company’s new U.S. headquarters Tuesday.