Ernst Uhrlau, former head of Germany's foreign intelligence agency the BND, has been on the payroll of Germany's biggest bank since the start of February, just two months after his retirement.

A spokesman for the bank on Sunday confirmed a report in Der Spiegel news magazine that the former intelligence chief is now working as a freelance "global risk analyst" at the bank, and that this new job had been cleared by the Ronald Pofalla, chief of staff at the German chancellery.

The 65-year-old Uhrlau retired at the end of last year, when he reached the age limit for his office at the BND. He spent six years as president of the overseas intelligence agency and was also secret service coordinator for the German government.