By Giulia Petroni
Deutsche Bank said late Friday that global Head of Human Resources and Real Estate Michael Ilgner has decided to leave the company.
The German bank said Ilgner’s leave will be effective on Sept. 30 and that a successor will be announced in due course.
Ilgner said in a note to staff seen by Dow Jones that, as human resources and real estate are now under the supervision of Deutsche Bank’s Chief Operating Officer, it was the best time for him to pursue external opportunities.
The bank previously said that human resources and global real estate are now under the remit of recently appointed COO Rebecca Short.
Earlier this year, several news outlets reported that Deutsche Bank launched an investigation into the purchase of the company’s bonds by a senior executive, and that a filing showed that Ilgner bought company’s bonds just days before the lender reported earnings.
Deutsche Bank declined to comment on the reported probe. Ilgner wasn’t immediately available for comment.
The news of Ilgner’s departure has come amid a number of management changes at the bank in the last few months.
Write to Giulia Petroni at [email protected]
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