Michael Ilgner | Deutsche Bank HRD forced out due to unethical practices

Deutsche Bank this week announced that Global Head of Human Resources, Michael Ilgner, would be leaving the company, following an internal compliance probe into his purchase of the bank's bonds.

The ill-timed transaction has raised serious concerns about unethical practices within Germany's largest lender, ultimately leading to Ilgner's departure.

The revelation came through a note addressed to the bank's staff, in which Ilgner stated, "I have made the decision to leave the bank and hand over my responsibilities at the end of July."

He further explained that he believed now was the ‘opportune moment’ to pursue external opportunities.