FRANKFURT (Reuters) - Deutsche Bank 's (DE:DBKGn) restructuring plan claimed its first management casualty when its retail chief Rainer Neske decided to quit after the group chose to split up and sell chunks of his domain, including Postbank (DE:DPBGn), German media reported.
Neske, the computer scientist who has worked at Deutsche for 25 years, will leave after losing an internal strategic debate that will see his responsibilities shrink, newspaper Handelsblatt reported in its Tuesday edition.
Neske's departure comes as the bank braces for a tumultuous annual shareholder meeting on Thursday, where it faces discontent over lagging profits, hefty fines and a strategic revamp criticized by some as offering too little, too late.
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