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Zames Sounded Out as Deutsche Bank CEO by Recruiters

  • He’s said to be among a handful of candidates outside Europe
  • CEO Cryan is under pressure amid a sustained slide in revenue
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Bloomberg’s Peggy Collins and Erik Schatzker report on the possible Zames candidacy for Deutsche Bank CEO.(Source: Bloomberg)
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Matt Zames, a former JPMorgan Chase & Co. executive, is among candidates contacted by recruiters in recent weeks to replace Deutsche Bank AG Chief Executive Officer John Cryan, according to people familiar with the discussions.

While the recruiters didn’t have a formal mandate from the bank at the time of the approach, the 47-year-old was sounded out as part of their search, said the people, who asked not to be identified as the talks are confidential. Zames signaled he would prefer to remain in the U.S. and it’s unclear if he’s still in the running, one of the people said.