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05

Deutsche Bank Loses Senior Executives After Bonuses Slashed

By Tony Seruga

At least three executives in Asia and one in Frankfurt leave
Bank said to have paid out deferred compensation last month

Deutsche Bank AG, which slashed bonuses for a second straight year, saw several senior employees leave after paying out deferred compensation for previous years.

At least three executives — Kevin Burke, Neil Hosie and Patrick Kelly — departed from the lender’s trading unit in Asia, and one executive, Holger Knittel, took a new job in the bank’s home town of Frankfurt. Deutsche Bank paid out deferred compensation last month, two people familiar with the situation said…

Deutsche Bank Loses Senior Executives After Bonuses Slashed

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