May 24, 2018 / 8:10 AM / 10 months ago

Deutsche Bank's chairman defends abrupt change in CEO

Deutsche Bank's Supervisory Board Chairman Paul Achleitner gestures as he addresses the audience during the bank's annual meeting in Frankfurt, Germany, May 24, 2018. REUTERS/Kai Pfaffenbach

FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) chairman Paul Achleitner on Thursday defended his decision to abruptly change top management last month.

“We had to act - even though it wasn’t originally our intention to make our change so swiftly,” he told shareholders.

“Personally I had hoped that the reshuffle at the top of our bank would be made in a constructive spirit at today’s annual general meeting.”

Reporting by Tom Sims; Editing by Victoria Bryan

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