Deutsche Bank AG is poised to announce another shakeup in its senior ranks amid its search for a new CFO and the reorganization of its business units.
Alexander von zur Muehlen will step down as the lender's group treasurer and return to the investment bank, "people familiar with the matter" told The Wall Street Journal.
The change could be announced as early as the week of April 3.
The move means that von zur Muehlen will continue reporting to current CFO Marcus Schenck, who will co-head the newly combined corporate and investment bank division alongside Garth Ritchie, according to the April 3 report.
Von zur Muehlen, who has been group treasurer since 2009, was reportedly viewed by some co-workers and investors as a potential successor to Schenck. However, "people close to the bank" told the Journal that Deutsche Bank executives have indicated that an external hire for the CFO post is more likely.
Dixit Joshi, who oversaw the bank's global fixed-income sales since late 2015, will succeed von zur Muehlen, sources said.