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Deutsche Bank investors meet amid questions on strategy, leadership

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Major investors over the past week have called for Deutsche to scale back its sprawling global investment banking unit.

Top shareholders have also said that the bank’s chairman, Paul Achleitner, should step down before his term ends in 2022.

In recent years, Deutsche Bank has been plagued by failed regulatory tests, ratings downgrades, big fines and management reshuffles. It posted its first profit in four years in 2018. One small but vocal investor last month added to the meeting’s agenda a vote to oust Achleitner because the bank “remains trapped in an unbroken downward spiral”. The supervisory board issued a statement backing its chairman.

 

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