Ex-Deutsche Bank Trader Receives $6 million Over Disputed Trades

A court ruled this Tuesday that the former Head of Global Markets at Deutsche Bank AG (DB AG) will receive $6 million from the firm. Colin Fan claimed the German asset manager had unfairly withheld a bonus of unvested shares  from him when he departed from the firm in 2015.

Fan, who now works for Japanese asset manager SoftBank Advisors, initially demanded $13 million in compensation for the undelivered bonus. This was disputed by DB AG who claimed that they withheld the bonus as Fan’s personal trades violated the company’s conflict-of-interest rules.

Source: Financemagnates

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