Colin fan deutsche bank biography of donald

By Jenny Strasburg

Deutsche Bank AG agreed to pay former executive Colin Fan roughly $6 million to settle a lawsuit he filed over trades that bank lawyers concluded improperly earned him millions of dollars, according to people familiar with the settlement.

The agreement is a partial victory for Mr.

Fan, who argued that Deutsche Bank unfairly withheld bonuses he had earned while he worked there.

Colin fan deutsche bank biography of donald

He left the bank in late 2015.

The trades in question, first reported by The Wall Street Journal in 2016, started in 2009. They were designed to remove risk Deutsche Bank had taken when it made a deal to invest roughly $750 million on behalf of an insurance-company client, the Journal reported, citing people familiar with the transactions.

Members of Mr.

Fan’s team helped arrange the series of derivative trades, in partnership with a small Monaco-based hedge fund. The trades inherently carried little risk o