Deutsche CEO to invest 15% of monthly net pay in bank's shares

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Deutsche CEO to invest 15% of monthly net pay in bank's shares
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Deutsche Bank's chief executive Christian Sewing will spend 15% of his mont...

FILE PHOTO: CEO Christian Sewing at the annual shareholder meeting of Deutsche Bank in Frankfurt, Germany, May 23, 2019. REUTERS/Kai Pfaffenbach/File Photo

The filing makes official a pledge Sewing made in July, when he announced a major restructuring of the bank. Sewing will buy roughly 21,250 euros in shares around the 22nd of each month through to the end of 2022, the filing said. That would result in a total investment of around 850,000 euros, based on monthly purchases up to the end of 2022.

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