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Deutsche Bank makes Cryan CEO

Co-chief executives Anshu Jain and Juergen Fitschen quit following criticism from investors

Published Sun, Jun 7, 2015 · 09:50 PM

Frankfurt

DEUTSCHE Bank appointed John Cryan as its new CEO on Sunday after co-chief executives Anshu Jain and Juergen Fitschen resigned following criticism from investors.

Mr Cryan, 54, has been on the bank's supervisory board since 2013 and was a former chief financial officer of UBS. He will replace Mr Jain from July 1 and become the sole CEO when Mr Fitschen steps down next year, the bank said.

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