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Deutsche Bank begins CEO search as it runs out of quick fixes - sources

Reuters  |  FRANKFURT 

By Andreas Framke and Tom SimsFRANKFURT (Reuters) - Deutsche Bank has begun the search for a new chief executive, two people familiar with the matter said on Tuesday, as investors grow frustrated with the slow turnaround of the loss-making German lender.Paul Achleitner, chairman of the board, has initiated a search to replace John Cryan, the British chief executive officer who has been in office less than three years, the people said on condition of anonymity.A separate senior official cautioned that there was little the bank could do to quickly improve sentiment. "We cannot cut costs short ...

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First Published: Tue, March 27 2018. 18:27 IST