Newspaper article International New York Times

Outgoing Co-C.E.O. to Remain at Deutsche Bank

Newspaper article International New York Times

Outgoing Co-C.E.O. to Remain at Deutsche Bank

Article excerpt

Mr. Fitschen is stepping down as co-chief executive of the German bank, as planned, but he will continue to work with clients on behalf of the lender.

Jurgen Fitschen, who is stepping down as co-chief executive of Deutsche Bank, will continue to work at the lender with a focus on Germany and Asia, the bank said at its annual meeting on Thursday.

Deutsche Bank said last year that Anshu Jain and Mr. Fitschen would step down as co-chief executives as the bank brought in John Cryan to overhaul the lender, which is Germany's largest. Mr. Jain resigned in June. Mr. Fitschen is leaving his post as co-chief executive on Thursday.

"Jurgen Fitschen has put heart and soul into serving our bank," Mr. Cryan said in a news release. "He always puts clients first, knows what they expect of us and how we can best fulfill their wishes."

"I am delighted that Jurgen will continue to support the bank and our clients with his valuable expertise and outstanding network," he said. …

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