Deutsche Bank hires turnaround specialist

8th June, 2015

To end years of missed targets and underperformance, Deutsche Bank is turning to a British takeover specialist who helped reshape two of the world’s biggest banks.

John Cryan, a supervisory board member since 2013 who hasn’t run any of the firm’s operations, was named the next chief executive officer of Europe’s largest bank by assets in a surprise announcement on Sunday. He’ll replace Deutsche Bank co-CEO Anshu Jain at the end of the...

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