Exclusive: ECB tells Deutsche Bank to find new chairman fast – sources

Published by
Reuters

By Tom Sims and Patricia Uhlig FRANKFURT (Reuters) – The European Central Bank has asked Deutsche Bank a number of times in recent months to name a successor to chairman Paul Achleitner as the end of his term nears, two people with knowledge of the matter said. Achleitner is due to retire next May after 10 difficult years in office that saw two changes of CEO, billions of euros of losses and huge fines. The 64-year-old has survived three shareholder votes on whether to oust him but said he will go next year. With less than a year to go, the bank’s supervisor, the ECB, is still waiting for Deut…

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