Deutsche Bank Investors Question New Strategy
This article is for subscribers only.
Deutsche Bank AG is losing the support of some of the biggest fund managers as the plan the bank presented last month to revive returns leaves investors underwhelmed.
Hermes EOS, which represents institutional investors, said it will vote against approving actions of Deutsche Bank’s management at the Thursday shareholder meeting. A top 20 investor, who asked not to be identified, also told Bloomberg they plan to vote against management.