Deutsche Bank Mulls Shrinking Executive Board in Cost Drive
- Lender is said to examine cutting board size to 9 from 10
- CEO Sewing has struggled to meet cost goals amid inflation
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Deutsche Bank AG is considering shrinking its executive board as the German lender steps up efforts to reduce expenses.
The Frankfurt-based bank may use the impending departure of President Karl von Rohr — who leads the private bank and is one of two presidents of the firm — as an opportunity to reshuffle some responsibilities of its top management body and reduce the number of members to nine, from the current ten, according to people familiar with the matter.