Deutsche Bank’s global head of human resources leaves Germany’s biggest bank after launching a compliance investigation into the company’s bond purchase earlier this year.
In a nota al personal vista por el Financial Times, Michael Illgner le dijo al personal de Deutsche that “I took the decision to leave the bank and deliver my responsibilities at the end of July”, and added that now it’s “the best moment for me”. . buscar oportunidades externas”
The bond agreement seems to contravene the bank’s internal compliance regulations that prohibit employees from buying Deutsche securities in the eight weeks prior to the quarterly results announcement.
The 52-year-old ex-professional water polo player has been in charge of a workforce of almost 90,000 people since March 2020, when he joined a German sports charity with 50 full-time employees.
At that moment, Deutsche was trying to cut 18,000 jobs by 2022, but only managed to save less than half of those cuts. In April, the bank said that it would intensify its cost reduction initiative and announced that 800 senior management positions would be eliminated “immediately” this year.
Ilgner became the target of an investigation of internal compliance after buying 201,000 euros in German bonds less than a week before the lender reported its results for the first quarter.
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El banco se nego a commentar sobre il logro del complimento.
En Abril, he said that he took his internal rules of compliance “very seriously” and that any potential breach would be investigated “independently of the hierarchy”. “CN la medida en case deba, tomarremos las consequencias apropiadas”, Dijo il Banco and Ace Moto.
Elginer no respondió de immediato a una request de comentarios.
A person familiar with the matter said that there was no evidence that Ilgner acted in bad faith or sought to exploit privileged information when he bought the bonds. Porlo general, agregaron, tal comportamiento no era lo suficiente grave como para causar el despido.
When Ilgner’s appointment was announced at the end of 2019, the bank said that it was “designated to join the Board after complying with regulatory requirements.”
Ban of sin, Este plan fue abandonado silenciosamente por el banco. En abril, Ilgner lost his chain of command directa ante swing quando short fiu nombrado el ejecutivo de más alto rango a cargo de recursos humanos.
One of Ilgner’s emblematic projects was the introduction of ambitious gender diversity objectives. El fulfillment de estos puestos requirária que se nombrara a mujeres para approximación el 50 por ciento de los puestos vacantes de alta gerencia.
While 46 percent of Deutsche employees are women, only 17 percent of senior leaders and executives are women. Deutsche quiere aumentar eso al 30 per cento para 2025.
“Increasing diversity among executive directors is a commercial necessity for us,” Ilgner told the Financial Times in 2021.
El banco dijo que estaba buscando un sucessor tanto interna como externamente, and agregó que Andrea Cozzi and Volker Steuer “liderarían recursos humanos de manera interina”.
