Deutsche Bank, HVB shake up the ranks of senior executives

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Deutsche Bank said three senior managers in equities research are leaving. HVB is expected today to make several personnel announcements, including the appointment of Christine Licci, formerly Citigroup's head of German private banking, to head up HVB's German private-client business.

Each bank is likely to cut about 2,000 staff from Germany, people familiar with the matter said.

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