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Report: At least 3 Deutsche Bank investors want chairman to leave early

Following collapsed merger talks with Commerzbank AG, at least three of Deutsche Bank AG's major investors want Chairman Paul Achleitner to step down early, Reuters reported May 21, citing two people with knowledge of the matter.

Top Deutsche shareholders including the Qatari royal family's representatives, Cerberus Capital Management LP and HNA Group Co. Ltd. have had internal discussions regarding Achleitner's exit before his term expires in 2022, Bloomberg News reported separately, also citing people with knowledge of the matter.

Senior European Central Bank officials have also suggested that the chairman stepping down from the post would be in the bank's best interests, but the final decision lies in the hands of the shareholders, Bloomberg noted.

It is, however, unclear how the shareholders will vote at the May 23 annual general meeting, which follows investor revolts at several large European companies.