Deutsche Bank UK wealth management CEO to retire

Replaced by James Whittaker

Elliot Gulliver-Needham
clock • 1 min read
Michael Morley of Deutsche Bank
Image:

Michael Morley of Deutsche Bank

Michael Morley has stepped down as CEO of Deutsche Bank UK and will retire from the industry, with James Whittaker appointed as his successor.

Subject to regulatory approval, Whittaker, who is current head of UK coverage for the firm, will succeed Morley as CEO and head of Deutsche Bank's International Private Bank in the UK. Morley has spent 42 years in the City of London, with three senior CEO roles in the sector, including at Coutts and Barclays Wealth. An internal memo at the company said: "Michael has played a decisive role in putting in place a business model which is poised for the next phase of growth. "We are grateful for how he has attracted one of the industry's most highly regarded management teams, which is n...

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