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Deutsche’s investment banking chief Ritchie could depart as cutbacks bite

Executives have discussed potential departure of Garth Ritchie, who has come under fire from investors for dismal results

Deutsche Bank executives have discussed the potential departure of investment-banking chief Garth Ritchie, who has come under fire from investors for dismal results since he became the highest-paid senior executive at the embattled lender last year, according to people familiar with the matter.

The discussions are part of a bigger shakeup and what chief executive Christian Sewing described last week as “tough cutbacks” in the investment bank.

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