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This profile was last updated on 1/28/16  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. John Michael Cryan vs

Wrong John Michael Cryan vs?

Co-Chief Executive Officer

Phone: (492) ***-****  HQ Phone
Local Address:  Berlin , Germany
Deutsche Bank AG
Taunusanlage 12
Frankfurt am Main , Hesse 60325
Germany

Company Description: Deutsche Bank AG is a global investment bank. The Company offers a range of investment, financial and related products and services to private individuals,...   more
Background

Employment History

Board Memberships and Affiliations

  • Member of the Supervisory Board
    Fitschen

Education

  • MA Hons
    University of Cambridge
189 Total References
Web References
AFP/File / Daniel Roland
Deutsche ...

www.citizen.co.za, 28 Jan 2016 [cached]
AFP/File / Daniel Roland
Deutsche Bank's new chief John Cryan has pledged a sweeping culture change within the bank, but investors are worried litigation costs will still hit profitability for years to come
...
Deutsche Bank's new chief John Cryan has pledged a sweeping culture change within the bank, but investors are worried litigation costs will still hit profitability for years to come
...
The group's new chief John Cryan has pledged a sweeping culture change within the bank, but investors are worried that the litigation costs will still hit profitability for years to come.
Despite the heavy restructuring costs, Cryan vowed to continue on the same road.
"We know that periods of restructuring can be difficult. However, I am confident that by continuing to implement our strategy in a disciplined way, we can transform Deutsche Bank into a stronger, more efficient and better-performing institution," he said in a statement.
Beyond Budgeting … building a new management model for the information age
bbrt.org, 2 Jan 2016 [cached]
The above is a quote from Deutsche Bank's new co-chief executive John Cryan which led to several Read More
Jan. 28 -- Deutsche Bank AG ...
finance.yahoo.com, 28 Jan 2016 [cached]
Jan. 28 -- Deutsche Bank AG co-Chief Executive Officer John Cryan is losing market share in businesses he wants to expand, highlighting the risks he faces in scaling back costly debt trading.
FRANKFURT--Deutsche Bank AG's incoming ...
de.advfn.com, 1 April 2015 [cached]
FRANKFURT--Deutsche Bank AG's incoming co-Chief Executive John Cryan on Wednesday said he is committed to simplifying the bank and narrowing the scope of it's operations, as he postponed a detailed presentation of the giant German lender's new strategy until the end of October.
"I am not going to tell you that all will be sweetness and light in the coming months," he said in a letter posted on the bank's website, setting the stage for potentially deep staff cuts and an increased focus on changing the business's corporate culture.
...
Mr. Cryan on Wednesday stressed his commitment to the cornerstones of a new strategy announced by the bank in April, which included plans to shed its Postbank AG retail banking business, but said he would take the summer and fall to examine how to cut costs and other details of the plan. The presentation was previously slated for this month.
The strategy aims to streamline the German lender and boost profitability, but stops short of a radical plan to split investment banking and retail operations into separate companies. Investors were keenly awaiting Mr. Cryan's take on the strategy, which some complained lacked detail when first announced.
...
Addressing staff on his first day on the job, Mr. Cryan conceded that the reputation of Germany's largest lender has been "damaged by instances of serious misconduct. Heavy fines for settling lawsuits "have strained our capital...and will likely continue to do so for some time," he said.
"No one can promise that we will never again make a mistake, but I can tell you that we will decisively identify problems, apply fixes and hold accountable those who misbehave," Mr. Cryan said.
...
One of Mr. Cryan's tasks will be to mitigate the bank's contentious relationship with regulators.
...
He said Deutsche Bank has to improve internal processes and culture, and wished Mr. Cryan well.
...
Mr. Cryan now hopes to open a new chapter for Deutsche Bank. A top priority is making deep cost cuts to close the profitability gap with rivals. Mr. Cryan, 54, is expected to accelerate EUR3.5 billion in announced cost cuts that the bank wanted to achieve by 2020.
The Brit has a reputation for trimming costs. At UBS, the overhaul he orchestrated cut operating costs 22% between 2008 and 2011, mainly by cutting back on fixed-income trading that lacked the scale of its larger rivals. At the same time, head count fell roughly 17%.
On Wednesday, Mr. Cryan hinted he would scale back Deutsche Bank's securities and derivatives trading business, which are "heavily reliant on long-term balance sheet usage."
He also suggested he will strengthen the bank's more stable sources of income, including investment banking advisory services, transaction banking, and retail and asset and wealth management operations.
Their successor will be British banker ...
www.kcnonline.com, 11 June 2015 [cached]
Their successor will be British banker John Cryan, initially as co-CEO with Fitschen and then in sole charge. Cryan is currently a member of the company's supervisory board.
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