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Deutsche Bank’s longstanding legal chief Slatter quits to launch consultancy

Long lauded as a key leader within the in-house community, Deutsche Bank’s global head of strategy for legal Emma Slatter, is to leave the bank after 20 years.

An internal memo seen by Legal Business was circulated today (May 31) by co-general counsel Simon Dodds and Christof von Dryander announcing that Slatter will leave the bank later this year to set up as a consultant advising on a range of business ventures, and continuing to pursue her pro bono interests.

The bank’s legal division has not yet appointed a successor as Slatter will remain with the bank until the end of June.

Slatter, who features in the 2016 GC Power List, was most recently UK regional general counsel until her appointment to head of strategy. She was a key figurehead charged with resolving Deutsche Bank’s legal problems.

During her tenure as GC Slatter headed a 150-strong legal team across Birmingham and London. She supported the bank through a number of challenging regulatory investigations, and has overseen many changes in how the legal team operates.

Cited in the memo as ‘one of the senior leaders of the legal department,’ Dodds and von Dryander added: ‘We would like to thank Emma for her distinguished service to the bank and to legal, her commitment and wise counsel, and wish her the best of success in her new ventures.’

Other recent exits from the bank include supervisory board member Georg Thoma who stepped down two years before his contract ended in April this year.

General counsel Richard Walker left last December after coming under fire from German financial regulator Bafin due to a report published by the Wall Street Journal that detailed the bank’s handling of the Libor manipulation saga.

For more on Emma Slatter’s career at Deutsche Bank see: GC Power List 2016: Financial Services