chief executive: Fitschen will follow him after the bank annual shareholders' meeting in May next year, according to Deutsche Welle. The surge in the stock of Germany biggest lender is also a sign that investors welcome the appointment of John Cryan as Deutsche Bank next chief executive. Deutsche shares surged to almost 30 euros on Monday, after Jain said he would quit his post at the end of June. Cryan, a 54-year-old Briton, was head of the global financial institutions advisory group at UBS before he was elevated to the role of Chief Financial Officer of the Swiss banking giant in September 2008. Cryan joined the bank supervisory board in 2013 Cryan faces the difficult task of moving Deutsche Bank beyond the raft of regulatory and legal probes that have plagued the bank under its current management and execute a strategic overhaul. He was appointed to Deutsche supervisory board in 2013.
(news.financializer.com). As
reported in the news.
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