31 MAR

Deutsche Bank is reportedly lining up an ex-UBS exec as its next CEO

REUTERS/Arnd Wiegmann

Spiegel: Deutsche Bank’s chairman wants Juerg Zeltner as the bank’s next CEO.
Zeltner formerly ran UBS’ wealth management business.
Deutsche Bank has begun searching for a new CEO after investors complained about current boss John Cryan’s slow turnaround plan.

BERLIN (Reuters) – Deutsche Bank’s chairman Paul Achleitner is considering making Juerg Zeltner, the former head of the wealth management business of Swiss bank UBS, the successor to Chief Executive John Cryan, Spiegel magazine reported on Friday.

Sources had told Reuters on Tuesday that Germany’s flagship bank had begun looking for a new CEO to replace Cryan to mollify investors frustrated by the slow turnaround of the loss-making lender.

See the rest of the story at Business Insider

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