Photo: AFP
Anshu Jain and Juergen Fitschen
Fitschen and Jain were the heads of Deutsche Bank in 2012., replacing Josef Ackermann. Their contracts expire only in 2017.
The Communication bank reported that Jain step down from the post of the day June 30, but was asked to January has been at the company as a consultant. Fitschen is to remain president until the General Meeting on 19 May 2016. In order to “ensure a smooth transition.” No reason given their departure.
From July Cryan will head the bank along with Fitschen; after his departure from office will lead Deutsche Bank as its only president.
Briton since 2013. He sits on the supervisory board of Deutsche Bank; This mandate will submit at the end of June. In the years 2008-11 he was chief financial officer at Swiss bank UBS. From 2012 to 2014. Europe was the director of the Singapore investment company, Temasek.
Chairman of the Board Paul Achleitner thanked Jain and Fitschenowi for taking “the decision on early deposit of office, which shows in an impressive way, they preferred the bank interest on its own.”
Both presidents go in the shadow of the spectacular failure of his bank, trailing behind him lawsuits and unsatisfactory financial results.
As part of the settlement agreement with the US authorities and the UK, Deutsche Bank must pay them a total of $ 2.5 billion penalty for its role in manipulating Libor. At the end of 2013. Has agreed to pay a fine amounting 725 million euros, imposed by the European Union.
In April, he began a process Fitschen and its predecessors; They are accused of attempting to introduce confusion court to block compensation claims from heirs of the owner Leo Kirch media group. Fitschen not guilty.
In order to reduce costs, Deutsche Bank closed until 2017. 200 the existing 750 branches. Also dispenses with the subsidiary, Postbank.
In 2020. Deutsche Bank will celebrate 150 years of activity .
(KT)
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