Some at the bank are said to be pushing for a more radical restructuring of businesses – including the investment bank,
Bloomberg News reports that Deutsche Bank Chairman Paul Achleitner has held talks with potential successors to CEO John Cryan as part of plans to replace the executive should a better candidate emerge, according to people with knowledge of the matter.
Discussions have focused on a leader who speaks German and who works well with regulators, the people said, asking not to be identified. Achleitner has sounded out potential replacements as part of normal succession planning, they said. One top shareholder – asking not to be identified discussing sensitive matters – said Cryan remains the best choice as CEO of the bank.
‘Deutsche Bank’s restructuring isn’t going as some had hoped and that’s bound to raise questions about management’, Daniel Regli, an analyst at MainFirst in Zurich who has an underperform recommendation on Deutsche Bank shares, said by ’phone on Tuesday. ‘I don’t think Cryan is the problem, it goes deeper’.
Hit the link below to access the complete Bloomberg News article: