Retired Deutsche Bank executive dies age 58

28th January 2014, Comments 0 comments

Deutsche Bank, Germany's biggest lender, said on Tuesday that one of its top executives, recently retired executive William Broeksmit, has died aged 58.

Broeksmit, who was close to one of the bank's co-chief executives Anshu Jain and was well-known in the world of banking, died on January 26, according to an internal memo to staff obtained by AFP.

"It is our sad duty to inform you that our former colleague, Bill Broeksmit, 58, died on Sunday at his home in London," the memo said.

Broeksmit worked twice at Deutsche Bank, first from 1996 to 2001 and then returning in 2008, serving in various senior roles until his retirement in February 2013.

"He was considered by many of his peers to be among the finest minds in the fields of risk and capital management," stated the memo, which was signed by Jain and his co-CEO Juergen Fitschen.

"We are deeply saddened by Bill's death. He was a dear friend and colleague to many of us who benefitted from his intellect and wisdom. Our thoughts and condolences are with his wife and family at this time. We will remember him for his contributions to DeutscheBank, thoughtful advice and personal friendship."

© 2014 AFP

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