Saturday Mar 01, 2025
Friday, 20 April 2018 00:00 - - {{hitsCtrl.values.hits}}
Frankfurt (Reuters): Deutsche Bank’s chief operating officer Kim Hammonds is stepping down, the German lender said on Wednesday, amid a continuing reshuffle of its executive suite.
Hammonds had been tasked with streamlining the bank’s IT systems, but she came under pressure after disparaging comments she made about the bank became public.
Deutsche Bank said that she was leaving by “mutual agreement” and that a successor would be named after consultations with regulators.
Hammonds is the latest to go in a major shakeup of the bank’s top managers. Chief Executive Officer John Cryan was ousted last week, replaced by his deputy Christian Sewing, and a top investment banker, Marcus Schenck, also left the bank. Hammonds told colleagues earlier this year that Deutsche was “the most dysfunctional company” she had ever worked for, according to a person with direct knowledge of the matter.
In a statement on Wednesday, Hammonds said: “I know Deutsche Bank is well on track to regain its position as a leading financial institution.”
Also departing are John Andrews, head of investor relations. He will be replaced internally with James Rivet, according to a memo sent to staff and seen by Reuters.
“John feels that this is the right time to take this step with the leadership changes recently announced,” finance chief James von Moltke wrote to staff in the memo.
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.