SG Warburg and Arthur Andersen

John Cryan: In 1982, at the tender age of 21, he went to work for the global accountancy Arthur Andersen, and spent five years getting familiar with the ins and outs of high-finance balance sheets, according to Deutsche Welle. In 1987, he switched to SG Warburg, an investment bank founded in London in 1946 by a pair of German Jewish financiers who had fled Germany in the 1930s. Cryan spent three years at the University of Cambridge getting a Master of Arts, and like many graduates of Oxbridge, Cryan went directly to the City of London after finishing his course. SG Warburg re-established its connection to the German banking world some years after the war ended, and John Cryan ended up working in Munich as a director of SG Warburg German operations between 1990 and 1992. SG Warburg was taken over by a Swiss bank in 1995, and eventually became part of UBS, the biggest Swiss bank. That, in turn, led him to acquire a reasonable command of spoken German, which may have been one consideration weighing in his favor - among many others - for the supervisory board selection committee that announced Cryan would become Deutsche Bank new co-CEO in a special session on Sunday. (news.financializer.com). As reported in the news.