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Deutsche Bank board member steps down

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Deutsche Bank board member steps down

Georg Thoma is stepping down as a member of 's supervisory board.

Thoma, whose term was due to expire in 2018, will concludehis duties May 28 following a one-month notice period. Furthermore, Thoma willstep down as chairman of the supervisory board's integrity committee, effectiveApril 28.

Thoma was elected to the bank's supervisory board in 2013.Deutsche Bank has initiated the search process for his successor.

The move comes after Deputy Chairman Alfred Herling publiclycriticized Thoma over his approach in probing potential wrongdoing within thebank's ranks, Bloomberg News reported the same day. Herling said Thoma was"overzealous" and that he spent too much on investigations.

Tensions rose in the bank's supervisory board in light ofThoma's calls to probe the board's chairman, Paul Achleitner, and other bankexecutives, "people familiar with the matter" told the newswire. 

"The supervisory board is determined to continue itswork of investigating possible misconduct and to draw lessons for thefuture," said Achleitner.