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Deutsche Bank: New Retail Operations Challenges Explained

In July, Claudio de Sanctis was appointed to lead Deutsche Bank AG’s German retail operations, wasting no time in developing a restructuring plan before officially assuming the role.

Deutsche Bank’s German retail operations face restructuring amidst a recent IT project debacle, as new leader Claudio de Sanctis takes charge. PHOTO: ALP/Shutterstock

The plan included significant job cuts in an unprofitable division that has struggled for over a decade. Upon taking charge, de Sanctis removed several senior positions and conducted

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