Deutsche Bank executive earns $10.5m in two years and resigns
Olivier Vigneron, a former chief risk officer at Deutsche Bank, recently made headlines by earning a whopping $11 million in just two years before resigning from his position. Vigneron, a skilled French trader with an impressive educational background, joined Deutsche Bank in 2021 and quickly made a significant impact during his tenure. However, after nearly 25 years in the industry, Vigneron has decided to step away, leaving behind a sizable salary and a vacancy that will be filled by Marcus Chromik.
Chromik, another accomplished professional with a background in nuclear physics, will be taking over as Deutsche Bank’s new chief risk officer. While Vigneron’s departure may leave a void, Chromik is more than capable of managing the bank’s risks, including its rising bad loans. Despite the challenges Vigneron faced during his career, it seems that Chromik is well-equipped to handle the responsibilities and will likely be compensated accordingly for his role.
In other news, M&A bankers are advised to explore new avenues beyond traditional M&A deals. According to industry experts, there are lucrative opportunities in sourcing private capital for private debt companies. Instead of focusing solely on M&A transactions, bankers can tap into this growing field, which is predicted to see significant growth in the coming years.
On a separate note, financial institutions like Citigroup are making strategic changes, such as cutting analyst jobs dedicated to producing ESG and climate reports. Despite these shifts, opportunities in the financial sector continue to evolve, with new ventures like Walmart’s fintech arm One, which recently raised $300 million and is valued at $2.5 billion.
As the financial landscape continues to shift, professionals in the industry are encouraged to stay informed and adapt to new trends and opportunities. With changes on the horizon, staying ahead of the curve and exploring diverse career paths can lead to exciting prospects and rewarding outcomes in the finance and securities sector.
