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Deutsche Bank Seeking Replacement for CEO, London Times Says

  • Cryan and Chairman Achleitner disagree on strategy, paper says
  • CEO reportedly sought further restructuring of investment bank
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DGWA’s Stefan Mueller says UBS’s Axel Weber would make a good replacement for Cryan.(Source: Bloomberg)
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Deutsche Bank AG is considering candidates to potentially replace Chief Executive Officer John Cryan amid heightened tensions between him and Supervisory Board Chairman Paul Achleitner, the Times of London reported without saying where it got the information.

The bank approached Richard Gnodde, the head of Goldman Sachs Group Inc.’s international operations, but he’s thought to have spurned the overture, the newspaper said. Deutsche Bank also considered UniCredit SpA CEO Jean Pierre Mustier and Standard Chartered Plc CEO Bill Winters, according to the report.