According to the financial institution, the executive made an âunanimous decisionâ to vote to request the removal of Dr Thilo Sarrazin.
The board member, in a recently published book, has claimed that the economic potential of Germany will be damaged by immigrants and that all Jews have a certain gene.
In a statement, the bank said: âThe Deutsche Bundesbankâs corporate governance officer, Professor Uwe Schneider, fully supports this application.â
Earlier in the week, the firm stated that âthe members of the executive board of the Deutsche Bundesbank are obliged, in any political activity, to exercise the moderation and restraint commensurate with their position with regard to society at large and with due regard to the duties of their officeâ.
âIn his statements, Dr Sarrazin has been breaching this obligation repeatedly and to an increasingly serious extent.â
Christian Wulff, president of the Bundesbank, has yet to respond to the request for the dismissal of the board member.
By Jim Ottewill