Authorized professional Dagmar Valcarcel to hitch Deutsche Financial institution’s supervisory board: report

BERLIN (Reuters) – Dagmar Valcarcel, a authorized professional, will be part of Deutsche Financial institution’s supervisory board, German newspaper Handelsblatt stated on Wednesday with out naming its sources.

The newspaper stated the place had grow to be free as a result of Stefan Simon was transferring into the administration board as chief administrative officer within the wake of a significant shake-up on the financial institution introduced on Sunday.

Deutsche Financial institution declined to touch upon the report.

Shares in Germany’s largest financial institution rose by 1.6% late on Wednesday afternoon, recouping a few of a close to 10% drop in what amounted to the most important two-day decline in nearly three years on Monday and Tuesday. That got here after the financial institution detailed a sweeping overhaul involving 18,000 job cuts on Sunday.

Reporting by Tom Sims; Modifying by Michelle Martin

Author: Maxwell C.

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