Former Wealth Fund Executive to Lead Deutsche Bank
On June 7th, Deutsche Bank co-CEOs Anshu Jain and Jürgen Fitschen announced their resignations. Jain will remain with the bank till the end of June. Fitschen will stay on board until May 2016 as co-CEO to ensure a smooth transition according to Deutsche Bank.
Replacing the banking executive duo is British-born John Cryan, currently a member of Deutsche Bank’s supervisory board, a part-time position he has held since 2013. For now, Cryan will be co-CEO alongside Fitschen. Once Fitschen exits, Cryan will be sole CEO of Deutsche Bank. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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