By Jenny Strasburg
Former Deutsche Bank AG operating chief Henry Ritchotte, a member of the management board for three years, has left the German bank, according to a Wednesday memo to employees.
Mr. Ritchotte left at year-end and is working in a private venture funding technology start-ups, according to his LinkedIn profile. He didn't respond to requests for comment.
From 2012 to 2015, Mr. Ritchotte was Deutsche Bank's chief operating officer, until a management shakeup in late 2015 under then-new Chief Executive Officer John Cryan. He then worked on projects to digitalize banking services and was briefly put in charge of building a new digital bank for the lender. That project was abandoned during rounds of cost cutting.
In the employee memo, the contents of which were confirmed by a spokesman, Mr. Cryan noted Mr. Ritchotte's "collegial and team-oriented approach to work."
He spent 21 years at Deutsche Bank, including as operations chief of its trading unit from 2008 to 2010. He started his career at Merrill Lynch.
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(END) Dow Jones Newswires
January 04, 2017 12:08 ET (17:08 GMT)
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