business

Deutsche Bank Co-CEOs Jain, Fitschen Said Planning to Resign

Deutsche Bank AG co-CEOs Anshu Jain and Juergen Fitschen are planning to resign, according to a person familiar with the matter.

The bank’s supervisory board will meet Sunday to discuss who will succeed the pair, according to the person, who asked not to be identified before an official announcement is made.

Jain is said to be leaving at the end of June, with Fitschen departing at the bank’s next annual general meeting.

The Wall Street Journal earlier reported the departures on its website, citing unidentified people familiar with the matter. John Cryan, the former chief financial officer at UBS AG, will succeed Jain, the Financial Times reported, without saying where it got the information.

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