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Christian Sewing to become new CEO of Deutsche Bank, to replace John Cryan

His appointment could signal a shift in emphasis away from Deutsche Bank's strategy of seeking profit growth

Reuters  |  Frankfurt 

Christian Sewing, currently co-deputy chief executive officer of Deutsche Bank, is to become the new CEO of Germany's biggest lender, replacing John Cryan, a person familiar with the matter told Reuters on Sunday. Sewing, a German national, would replace Cryan, a Briton, at a time when the bank is trying to strengthen its brand in its home market. Cryan has been in office less than three years but investors have lost faith that he can return the bank to profitability after three consecutive years of losses. The promotion of Sewing, 47, with a background in commercial banking, ...

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First Published: Mon, April 09 2018. 01:56 IST