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Deutsche Bank Appoints Christian Sewing as New Chief Executive Officer
Deutsche Bank has appointed Christian Sewing as Chief Executive Officer. He replaces John Cryan, who will be leaving at the end of April 2018.
” Deutsche Bank Appoints Christian Sewing as New Chief Executive Officer “
Christian Sewing joined Deutsche Bank in 1989 and has worked for Deutsche Bank in Frankfurt, Hamburg, London, Singapore, Tokyo and Toronto. He has been a member of the Management Board since 2015 and was appointed as President in March 2017. Most recently, Christian was responsible for Deutsche Bank’s Private & Commercial Bank (including Postbank).
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Paul Achleitner, Chairman of the Supervisory Board:
“In his more than 25 years at Deutsche Bank Christian Sewing has proven himself a strong and disciplined leader. The Supervisory Board is convinced that he and his team will be able to successfully lead Deutsche Bank into a new era. We trust in the great ability of this bank and its many talents.”
“Despite his relatively short tenure as CEO, John Cryan has played a critical role in the almost 150 year history of Deutsche Bank – and laid the groundwork for a successful future of the bank. The Supervisory Board in general and I personally are grateful for this. However, following a comprehensive analysis we came to the conclusion that we need a new execution dynamic in the leadership of our bank.”
About Deutsche Bank
Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific. Founded in 1870, it has 2,790 branches around the globe, thereof 1,827 in Germany. The bank provides banking services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals — through four business divisions: Corporate and Investment Banking, Global Markets, Deutsche Asset Management, as well as Private, Wealth and Commercial Clients.
Managing $20 million to $3 billion. Investing $3 million to $300 million.
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