Deutsche Bank Americas CEO Waugh to Step Down
Seth Waugh has decided to step down as CEO of Deutsche Bank Americas, though a successor has not been identified yet. Waugh will remain as CEO through the selection and transition process. He will then transition to an advisory role.
Waugh has been CEO of the region since April 2000.
"Seth has been a critical driver of Deutsche Bank's impressive development in the Americas as well a cherished advisor to me," says Josef Ackermann, chairman of the management board and the group executive committee
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