Deutsche Bank retail president chosen for CEONews 

Deutsche Bank retail president chosen for CEO


Deutsche Bank retail president chosen for CEO

Deutsche Bank’s supervisory board on Sunday appointed Christian Sewing, 47, as chief executive.

Sewing, who had been a member of the German bank’s management board since 2015 and was appointed as president in March 2017, succeeds John Cryan.

A German national with a background in retail banking, Sewing takes over from a leader who presided over three consecutive years of losses.

The move could signal a shift in emphasis away from seeking profit growth through the investment bank and giving investment bankers greater influence.


Among those cited as a possible replacement was Matt Zames, a former exec at JP Morgan Chase.

“Following a comprehensive analysis we came to the conclusion that we need a new execution dynamic in the leadership of our bank,” Chairman Paul Achleitner said in a statement.

With Wires


Related posts

Leave a Comment