Deutsche Bank looking to replace CEO amid tensions within the board
New York — Deutsche Bank is considering candidates to potentially replace CEO John Cryan amid heightened tensions between him and supervisory board chair Paul Achleitner, the Times of London reported without saying where it got the information. The bank approached Richard Gnodde, the head of Goldman Sachs’s international operations, but he’s thought to have spurned the overture, the newspaper said. Deutsche Bank also considered UniCredit CEO Jean Pierre Mustier and Standard Chartered CEO Bill Winters, according to the report. "Cryan may be a good person, but he’s not the right guy on top of Deutsche Bank," Stefan Mueller, CEO of the German Institute for Asset and Equity Allocation and Valuation, said in an interview with Bloomberg TV. Still, "I think the main problem at Deutsche Bank is Paul Achleitner, he implemented all these CEOs in the last years". Disagreement between Cryan and Achleitner has flared over strategy, with the CEO and chief financial officer James von Moltke pushin...
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