Anshu Jain, Juergen Fitschen resigned as Co-CEO of Deutsche Bank

Jun 8, 2015 14:10 IST

Anshu Jain and Juergen Fitschen on 7 June 2015 resigned as Co-Chief Executive Officer (CEO) of Germany’s biggest bank Deutsche Bank following criticism from investors.

John Cryan was named as Chief Executive Officer (CEO) of Deutsche Bank. He will take the responsibilities of the bank from 30 June 2015. He will be sole CEO.

He is the former Chief Financial Officer (CFO) at UBS Group AG. He is also a member of Deutsche Bank’s supervisory board.

He and Fitschen have replaced Josef Ackermann in 2012. The bank was fined 2.5 billion US dollar in April 2015 by regulators in the US and the UK for manipulating interest-rate benchmarks LIBOR.

Anshuman Jain is an Indian business executive. He took over as Co-CEO of Deutsche Bank to succeed Management Board Chairman Josef Ackermann. He belongs to Jaipur, Rajasthan, India.

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