Spare zeal

29 April 2016 By George Hay Follow @gfhay

The German bank has parted company with the head of its integrity committee, following criticism of his “overzealous” approach. Deutsche has new executives and says it is committed to addressing past scandals. If so, there should be a place at the table for such ardour.

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Deutsche Bank said on April 28 that Georg Thoma was to resign from his role as a member of the Supervisory Board, and from his role as chairman of the Supervisory Board’s Integrity Committee.

Thoma was elected to the Supervisory Board in 2013 and his term was due to expire in 2018.

Deutsche Chair Paul Achleitner praised the work of Thoma over the past three years, saying the outgoing chair had delivered “outstanding service”. He also said the Supervisory Board was determined to continue its work of investigating possible misconduct and to draw lessons for the future.

The Integrity Committee will be chaired on an interim basis by Louise M. Parent, an American lawyer and member of the Supervisory Board since 2014. She will be assisted by Johannes Teyssen, also a lawyer and member of the Supervisory Board.

Alfred Herling, deputy chairman of the Supervisory Board, recently told the Frankfurter Allgemeine Sonntagszeitung that Thoma had encountered criticism due to his “overzealous” approach.

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