In a rare intervention, Deutsche Bank’s regulators are blocking a banker backed by its largest shareholder, Qatar, from a seat on the supervisory board because of a conflict of interest, according to two people with knowledge of the matter. Deutsche Bank chair Paul Achleitner had announced in August the appointment of former UBS manager Juerg Zeltner, praising him as a valuable addition and “a top-level European banker with proven expertise”. Zeltner was also to represent the interests of Qatar’s royal family – a top shareholder in the German lender. …read more
Source:: Yahoo Finance
