• 11 Dec 2012 at 4:33 PM

Layoffs Watch ’12: Deutche Bank

Cuts are said to have gone down at the other DB.

“Layoffs in DB Asset Management. Various levels (Associates, AVPs, VPs, Directors). So far affected: FI research, sales/distribution.”

Additionally, the investment bank apparently let go of a few more of its people yesterday (on top of those given the heave-ho last Friday), while there were “cuts in risk management at all levels (Analyst to Director).”

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Comments (10)

  1. Posted by Guest | December 11, 2012 at 10:39 PM

    DB AM has been having layoffs since for-ever. Nothing new. This is what happens when 1) Parent Company Has not interest in growing the business but 3) Wants higher Profit so 2) fires people

  2. Posted by Guest | December 11, 2012 at 11:14 PM

    Refreshing to note DB has a risk mgmt department

  3. Posted by lucas | December 11, 2012 at 11:20 PM

    That's not how you spell Deutsche!
    – Angela

  4. Posted by guest | December 11, 2012 at 11:41 PM

    it's actually spelled – Douche Bank

  5. Posted by Guest | December 11, 2012 at 11:55 PM

    That is what happens when you keep putting investment bankers in charge who have no vision of have to run an asset management business. Cut your way to oblivion.

  6. Posted by guest | December 12, 2012 at 7:36 AM

    well in defense of the Investment Bankers – they aren't really any good at managing assets.

  7. Posted by 2 cubes over | December 12, 2012 at 8:43 AM

    That's pretty much most managers/c-levels…

  8. Posted by M Graves | December 12, 2012 at 9:35 AM

    I concur

  9. Posted by AnOn | December 12, 2012 at 9:48 AM

    You mean used to have it ?

  10. Posted by screwdb | December 13, 2012 at 2:47 AM

    DB is a wannabe BB. They are best off competing with Jeffries.