Matherat and Patrick leave ?: Deutsche Bank probably rebuilds the council

economy

Wednesday, November 28, 2018

Deutsche Bank can not calm down. A departure of frames is not excluded. Sylvie Matherat, Supervisor, Regulatory Authority and Compliance Officer, is a senior official.

At Deutsche Bank, there could be another change in the board of directors. As some people familiar with the situation said, the departure of key leaders is not ruled out. Executives who may eventually leave the bank are Sylvie Matherat, Supervisor, Regulator and Compliance Officer, and Tom Patrick, Head of Americas at Deutsche Bank.

Discussions about the possible restructuring of staff are not yet complete and a turnaround is possible, so the informants continue, he added. Speculation is a sign that there is still trouble at Deutsche Bank after the change of chairman of the board of directors intervened in the spring.

Matherat told her staff that she needed to prepare to leave the bank, insiders said. In particular, the areas for which Matherat is responsible have been a topic of conversation at Deutsche Bank in the past. An informant further stated that after numerous allegations by regulators and financial crime issues, CEO Christian Sewing had thoroughly reviewed Matherat's performance. The focus should have been on the effective improvement of money laundering detection and prevention processes.

Many departures in the USA

Deutsche Bank admitted in September that it needed to improve the prevention of money laundering and terrorist financing. The bank pointed out that she was working on these topics. In recent months, US and global leaders have joined Matherat's Economic Crime Department.

Even the head of the American company, Patrick, could now be replaced, the informants. His responsibilities also include regulatory issues in the United States. He has been in office since 2017 and works closely with supervisors of the Federal Reserve. She had repeatedly criticized the shortcomings of Deutsche Bank's technology, commercial controls and management.

Deutsche Bank's supervisory board and board of directors reportedly spoke of Patrick's possible successors in recent months, but no decision has been made, the informants said. Patrick has told his employees in recent weeks that he could no longer be at the bank.

Source: n-tv.de