Deutsche Bank Exodus Continues As Real Estate Chief Leaves For Blackstone

Zero Hedge ^ | 06/15/2015 | Tyler Durden

[george76]

Earlier this month, Deutsche Bank’s co-CEOs Anshu Jain and Jürgen Fitschen were shown the door

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Jonathan Pollack, the bank’s global head commercial real estate, is leaving after 16 years.

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Pollack's departure comes just one month after the bank's head of structured finance Elad Shraga left to start his own fund. Shraga was instrumental in helping Deutsche become "an award-winning arranger of asset- and mortgage-backed debt." Shraga had been with Deutsche Bank for 15 years.

All of this seems to lend credence to the idea that Deutsche Bank may be in trouble. The employee exodus appears to be gathering steam, while the firm's legal troubles show no signs of abating. Indeed the bank's headquarters were raided just last week by authorities searching for information on client tax evasion.

Considering all of the above, one cannot help but be reminded of William Broeksmit, the former head of capital and risk optimization at Deutsche Bank who tragically took his own life in his South Kensington home in late January of 2014. Prior to committing suicide, Broeksmit told a psycologist that he was, in WSJ's words, "anxious about various authorities investigating" the firm.