Deutsche Bank Taps Christian Sewing as CEO, Replacing John Cryan

[kreslik.news]

Deutsche Bank has tapped Christian Sewing as its newest Chief Executive Officer (CEO). The German lender has finally opted for new leadership during one of the most challenges stretches, notably after its third consecutive annualized loss in 2017.

The move reflects an end of an era for John Cryan, the embattled former Deutsche Bank CEO who kicked off one of the largest restructuring plans in the industry. Since late 2015, Cryan had been the primary architect behind a range of cost-cutting measures that have led to thousands of jobs cut.

While these changes did bear temporary benefits and ... (read more)