Deutsche Bank CEO Says Asset Management Is ‘Essential Part’

Updated on
  • Cryan tells staff not to become distracted by ‘speculation’
  • Business environment remains ‘challenging,’ CEO writes in memo

John Cryan.

Photographer: Jasper Juinen/Bloomberg

Deutsche Bank AG Chief Executive Officer John Cryan said the asset-management business will remain an “essential part” of the company, responding to media reports that the German lender is considering selling the division to shore up its capital.

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