Deutsche Bank CEO Sewing focused on strategy but won't rule out M&A

Deutsche Bank AG Chief Executive Officer Christian Sewing didn’t rule out considering a takeover as early as next year if the lender’s share price recovers, while saying the priority remains implementing his turnaround plan.
 

Speaking in an exclusive interview with Bloomberg TV, Sewing said he was “laser-focused” on executing on his four-year strategy, which runs through 2022. But pushed on whether that means no deal before then, the CEO said the key phase of the bank’s transformation will actually be completed within the next three months.
 

“We’ve said 2019 and 2020 are the key years” of the restructuring, he said