«I am personally putting my money where my mouth is» Deutsche Bank CEO, Christian Sewing, told analyst at a London presentation, claiming he would tie the fate of his fortunes closer to that of the the bank’s.
Sewing initial attempts to rein in on costs and restructure the bank failed to help its share price rebound but is now set to take even more drastic action including the exit of the global equity business and slashing of 18,000 jobs.
«No one is more disappointed than I about our share price. It is our responsibility—our duty—to demonstrate Deutsche’s core value,» he said.
During the presentation, Sewing also claimed that he would put a significant share of his fixed salary in the bank’s shares.
“I’ve decided to invest a substantial amount of my fixed salary over the next years,” Sewing said. “I want to lead by example. I am personally putting my money where my mouth is.”
Sewing didn’t share any additional information about the investments but said that details would be disclosed in the bank’s next quarterly report.
