When Christiana Riley left Deutsche Bank AG last month, the board member’s exit exposed an embarrassing problem: the lender’s failure to meet its own gender diversity target.
After Riley’s departure, only one out of the nine seats on the German giant’s management board is occupied by a woman, meaning the bank has fallen short of its professed goal of having at least two female executives at the top. Supervisory Board Chairman Alexander Wynaendts vowed to do “everything” in his power to change that “over time,” but ended up giving Riley’s job to a man instead.
Read More : Gender Gap at Deutsche Bank Highlights Europe’s Diversity Shortcomings