People Moves
Another Executive Quits Deutsche Bank

Germany's largest lender has lost another senior figure following weeks of tumult as it shuffled its leadership.
Deutsche
Bank’s chief operating officer, Kim Hammonds, will leave the
bank next month, the latest executive to exit the embattled
German lender.
Hammonds’ tenure at the bank will end on 24 May, when the bank is
scheduled to hold its annual general meeting.
She joined Germany’s largest lender in 2013 as co-head of
technology and operations, and was later promoted to group COO
and made a member of the management board in August 2016.
“Kim Hammonds has been a breath of fresh air, bringing an
outsider’s perspective with deep experience in transformational
change” Paul Achleitner, chairman of the supervisory board, said.
“She has built the digital, data and security platforms which are
strong foundations for our company. We wish her well in her
new endeavours.” Deutsche Bank will appoint a new COO “in
the near future,” it said, following consultations with
regulators.
Earlier this month, Deutsche Bank named Christian Sewing as its
new chief executive, replacing John Cryan and ending weeks of
speculation as to who would be his successor.
Deutsche Bank has seen its share price come under pressure, while the Frankfurt-listed lender has battled to restore profitability.