In another high-level personnel move that raises questions about its future direction, Bankers Trust New York Corp. said Thursday that its top financial officer is planning to retire.

Timothy T. Yates, 48, chief financial officer and controller, is to leave this summer to "spend more time with my family and pursue other personal interests," according to a statement released by the bank.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.