Bloomberg News reports:
Deutsche Bank AG, whose global operation is under the microscope of U.S. lawmakers and criminal investigators, has enlisted an old friend of U.S. Attorney General William Barr to help the bank navigate the political waters in Washington.
The decision came from Frankfurt, where the bank’s supervisory board led by chairman Paul Achleitner has retained Robert Kimmitt, according to people familiar with the matter. Kimmitt, 72, is a lawyer and former U.S. ambassador to Germany whose friendship with Barr dates to the 1980s.
Kimmitt’s precise role isn’t clear even to many executives within the bank. The view from Frankfurt, some of the people said, is that the bank’s senior leadership brought him on earlier this year to bolster its presence in the U.S. capital, where, in addition to the criminal inquiries, Democratic lawmakers are scrutinizing the bank’s relationship with one its highest-profile clients, President Donald Trump.
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Can’t make this stuff up: Deutsche Bank hires longtime friend of Attorney General Barr to represent it in DC. https://t.co/huIeExnM74
— David Enrich (@davidenrich) September 9, 2020