Deutsche Bank AG Director Placed On Leave Pending Internal Investigation

Deutsche Bank AG has placed a director of institutional foreign exchange sales on leave as part of an internal investigation into potential exchange rate manipulation, Reuters reported. Kai Lew, based in London, was placed on leave earlier this month pending investigations resulting from the ongoing global probe into alleged wrongdoing in the market. There is no evidence of wrongdoing. Lew joined Deutsche in February 2006 from Goldman Sachs.