World Markets

Deutsche Bank CEO and chair to stay in top roles after possible merger - Spiegel


FRANKFURT, April 12 () - Deutsche Bank's current Chief Executive Christian Sewing and Chairman Paul Achleitner would continue to lead the bank if it merges with Commerzbank , a German magazine reported on Friday.

Der Spiegel, citing no sources, reported that Commerzbank's CEO Martin Zielke would serve as deputy CEO of the combined group in charge of private and corporate banking.

Both banks declined to comment.

Frank Strauss, who heads Deutsche's retail bank would have to leave his position, the report said.

Achleitner would hold his post as chair of Deutsche Bank at least for a transition phase, Spiegel said.

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