Clash at bank as chief quits
13 April 2012
MARK Brown, global head of equity research at ABN Amro in London, unexpectedly left the Dutch bank on Friday after what insiders described as a 'clash of personalities'.
His departure is expected to result in a reorganisation in the bank's equity division.
Deutsche Bank fired almost 50 of its worst-performing staff in Europe last week in its latest round of cost-cutting. The lay-offs are believed to affect every level of the German bank's equity division, including managing directors.
