{"id":30585,"date":"2023-07-02T22:47:58","date_gmt":"2023-07-03T02:47:58","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/deutsche-bank-human-resources-head-ilgner-to-leave-bank\/"},"modified":"2023-07-02T22:47:59","modified_gmt":"2023-07-03T02:47:59","slug":"deutsche-bank-human-resources-head-ilgner-to-leave-bank","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=30585","title":{"rendered":"Deutsche Bank human resources head Ilgner to leave bank"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: The logo of Deutsche Bank is seen in Brussels, Belgium December 6, 2022. REUTERS\/Yves Herman\/File Photo<\/span>
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FRANKFURT (Reuters) -Deutsche Bank’s head of human resources, Michael Ilgner, has decided to leave the bank, Deutsche Bank <\/span><\/span> (ETR:) announced on Friday, the latest in a spate of management changes.<\/p>\n

The move follows an investigation earlier this year into Ilgner’s purchase of the bank’s own bonds just days before the lender reported earnings, a move that appeared to flout the bank’s own rules designed to prevent insider trading.<\/p>\n

It was not immediately clear whether Ilgner’s decision to leave was related to the investigation.<\/p>\n

A Deutsche Bank spokesperson declined to comment on the status of the probe. Ilgner did not immediately respond to a request for comment.<\/p>\n

Deutsche Bank Chief Executive Officer Christian Sewing praised Ilgner as an “important partner” to the management board.<\/p>\n

“Over the past three years, Michael shaped our human capital strategy, creating a strong foundation for future proof leadership and talent management practices that we can build on,” Sewing said.<\/p>\n

The move is effective Sept. 30, and Deutsche said it would announce succession plans in due course. <\/p>\n

A filing in April showed that Ilgner bought 201,000 euros of the bank’s bonds on April 18, breaking a ban on purchasing securities eight weeks ahead of earnings.<\/p>\n

At the time, a person familiar with the matter said that there was no evidence that Ilgner had acted in bad faith with the purchase.<\/p>\n

Deutsche Bank in recent months has announced a number of board changes, the biggest management reshuffle since 2019.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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