£8m bonanza at Deutsche

A TOP executive at ailing Deutsche Bank is being paid an extra £214,000 a month for overseeing the lender’s Brexit plans. Garth Ritchie, head of investment banking at the German firm, was paid a total of £7.4m in 2018 – up from £2.8m for the previous year. The bonanza came as board members were given bonuses for the first time in four years, even though profits dropped by more than half to £454m last year. Ritchie, a 50-year-old South African, is due to get the extra monthly payments until November 2020, by which point he will have earned £7.7m under the scheme. He was paid even more than Deutsche’s chief executive Christian Sewing last year – who trousered £6m, up from £2.4m.