Deutsche Bank ousts John Cryan and names Christian Sewing as chief

Deutsche Bank ousts John Cryan and names Christian Sewing as chief

Deutsche Bank’s supervisory board has named Christian Sewing as the new CEO, cutting former CEO John Cryan’s contract two years short. Mr. Sewing is currently co-head of the bank’s retail division, and is set to take on his new role as CEO immediately. Mr. Sewing, now 47, has been with Deutsche bank since he was a teenager, and has previously worked in positions including head of group audit,┬ádeputy chief risk officer, and chief credit officer.

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