Garth Ritchie to leave Deutsche Bank
Deutsche Bank’s CIB boss and president Garth Ritchie is leaving the bank by mutual agreement, passing responsibility for the investment bank to overall group chief Christian Sewing. The confirmation ends weeks of speculation about Ritchie’s exit, as the German bank mulls increasingly aggressive cuts to the CIB unit he ran.
Ritchie joined the bank as an associate in Johannesburg in 1996, and was promoted through the ranks to head equities trading. In January 2016, he was promoted to head of markets, while in 2017 he became co-head of the CIB unit, following another reorganisation.When Marcus Schenck left ...
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