July 5, 2019 / 12:35 PM / 4 months ago

Deutsche Bank's investment bank chief Ritchie agrees to step down

FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo

FRANKFURT (Reuters) - Deutsche Bank’s (DBKGn.DE) investment banking chief Garth Ritchie is stepping down, the bank said on Friday.

The move, long speculated, comes as Deutsche prepares a broad multi-billion dollar overhaul that will see big cuts to the investment banking division.

Reporting by Tom Sims; Editing by Michelle Martin

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