New Deutsche Bank chief under pressure to reverse fortunes fast

Frankfurt

JOHN Cryan will have to hit the ground running at Deutsche Bank when he officially starts as chief executive on Wednesday.

Investors want to see the former investment banker tackle a long list of problems that has pushed Germany's largest bank into a management crisis. "Cryan needs to win back investor confidence, work through new details of the group's strategic plan and above all, bring back a semblance of order," said portfolio manager Helmut Hipper at Union Investment, a top-20 investor in Deutsche.