Garth Ritchie, President of Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB) and Head of the Corporate & Investment Bank, is leaving the bank by mutual agreement.
Mr. Ritchie joined Deutsche Bank in 1996 as an associate in the bank’s Johannesburg office, and went on to hold senior management positions across the investment bank.
He became a member of the Global Markets Executive Committee in 2009 as Head of Equities and held a range of leadership positions across the division. In January 2016, he was appointed to the Management Board with responsibility for the bank’s Markets division. In 2017 he became Co-Head of the newly created Corporate & Investment Bank (CIB). One year later he became its sole Head and was appointed as President.
Paul Achleitner, Chairman of Deutsche Bank’s Supervisory Board, said: “We thank Garth Ritchie for his dedication and the remarkable contribution he has made to the bank over his long career. He helped Deutsche Bank to weather an extremely challenging period and we wish him all the best for the future.”
Chief Executive Officer Christian Sewing added: “Garth Ritchie has been a life-long employee of Deutsche Bank: highly engaged and committed and loyal to the firm. I would like to thank him personally for his excellent cooperation and partnership through his career and over the past 15 months as my deputy.”
Garth Ritchie said: “It is now almost twenty three years to the day since I first joined Deutsche Bank as an associate. The bank is a remarkable institution and it has been a privilege to work here. I look back on my career with pride. I took over the leadership of the investment bank at a very challenging time, and over the past three years we have made significant progress to improve and stabilise its financial metrics. I believe the bank is now ready for further transformation, and it is the right time for new leadership to take the division forward.”
Mr. Ritchie will be stepping down as Head of CIB and as a member of the Management Board on July 31. To ensure a smooth transition of time critical UK regulatory matters including Brexit-related issues he will continue to advise the bank until end of November 2019.
Mr. Sewing will assume responsibility for the Corporate & Investment Bank on the Management Board. Further announcements for the divisional leadership team will follow in due course.
Source: Deutsche Bank
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
It's been a month since we had our Women In Finance Awards in New York City at the Plaza! Take a look back tab some moments, and nominate for our upcoming awards in Mexico City and Singapore here: https://www.marketsmedia.com/category/events/
4
Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:
SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:
COO of the Year Award winner! 🏆
Discover how Jennifer Kaiser of Marex earned the 2025 Women in Finance COO of the Year recognition.
Related articles
-
The statement is an interim step while the SEC continues to consider the issues.
-
Expanding membership is an OCC priority for capital efficiency, risk reduction and operational simplicity.
-
The technology harnesses burgeoning data volumes to provide faster, more customizable insights and distributio...
-
The fund will focus on the small and mid-market.
-
LSEG will provide AI-ready content, multi-asset class data and workflow solutions.