Ex-Deutsche Bank COO Ritchotte leaves company

Former Deutsche Bank AG operating chief Henry Ritchotte, a member of the management board for three years, has left the German bank, according to a Wednesday memo to employees.

Mr. Ritchotte left at year-end and is working in a private venture funding technology start-ups, according to his LinkedIn profile. He didn’t respond to requests for comment.

From 2012 to 2015, Mr. Ritchotte was Deutsche Bank’s chief operating officer, until a management shakeup in late 2015 under then-new Chief Executive Officer John Cryan. He then worked on projects to digitalize banking services and was briefly put in charge of building a new digital bank for the lender. That project was abandoned during rounds of cost cutting.

In the employee memo, the contents of which were confirmed by a spokesman, Mr. Cryan noted Mr. Ritchotte’s “collegial and team-oriented approach to work.”

He spent 21 years at Deutsche Bank, including as operations chief of its trading unit from 2008 to 2010. He started his career at Merrill Lynch.

Write to Jenny Strasburg at jenny.strasburg@wsj.com

View more information: https://www.marketwatch.com/story/ex-deutsche-bank-coo-ritchotte-leaves-company-2017-01-04

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