Deutsche regulators examine supervisory board member for conflict of interests: sources - Reuters

Deutsche regulators examine supervisory board member for conflict of interests: sources - Reuters:

Deutsche Bank’s (DBKGn.DE) regulators are examining whether a new supervisory board member, former UBS (UBSG.S) manager Juerg Zeltner, is suitable for the job, according to two people familiar with the matter.

Regulators are looking at whether Zeltner’s position on Deutsche’s board would be a conflict of interest because he is also the chief executive officer of KBL European Private Bankers (KBL epb), a business that overlaps with Deutsche’s.

Zeltner, appointed to Deutsche’s board in August, will represent the interests of Qatar’s royal family - a top shareholder in the German lender. KBL is also controlled by the same family.