Deutsche Bank makes Cryan CEO

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.