Anshu Jain to step down as Deutsche Bank chief

Jain will be replaced by John Cryan, former chief financial officer of UBS

Anshu Jain to step down as chief executive of Deutsche Bank, just over a month after the German lender announced a new strategy, the Financial Times has reported.

Jain is set to step down at the end of June, but will continue to advise the bank as a consultant. He will be replaced by John Cryan, former chief financial officer of UBS.