Strategy

Wealth Management Luminary Could Take Helm At Deutsche - Reports

Josh O'Neill, Assistant Editor, 4 April 2018

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New media reports have shed fresh light on who could step in as successor to John Cryan at the embattled Deutsche Bank.

Deutsche Bank chairman Paul Achleitner is considering replacing chief executive John Cryan with Juerg Zeltner, the former head of UBS Wealth Management, according to media reports. 

In a staff memo last Wednesday, Cryan said he was “absolutely committed” to the bank, according to Reuters.

But without citing sources, Germany’s Spiegel magazine reported that Achleitner had already held talks with Zeltner, who left UBS last December after more than 30 years with the world’s largest wealth manager. 

A spokesperson for the bank declined to comment. 

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