"/>

      <label id="xi47v"><meter id="xi47v"></meter></label>

      Deutsche Bank CEO fights back against replacement rumors

      Source: Xinhua    2018-03-29 19:43:09

      BERLIN, March 29 (Xinhua) -- Deutsche Bank chief executive officer (CEO) John Cryan is fighting back against rumors of his imminent replacement, German media reported on Thursday.

      Writing a "message on the current situation" to staff, Cryan emphasized his desire to remain at the helm of Germany's largest financial institute until the official expiration of his contract in 2020. "We must focus on implementing the strategy which we have agreed with the supervisory board. There is no disagreement on this point", the internal document read.

      "I want to assure you that I will continue to work for the bank with all of my energy and want to continue following along the path with you which we began around three years ago", Cryan added. He admitted that Deutsche Bank was "not where we all want it to be" but argued that the Frankfurt-based institute was nonetheless "on the right track".

      The CEO further announced that he would continue to pursue an ambitious restructuring of Deutsche Bank's business but would soon also be able to place a greater focus on "growth and achieving attractive returns for our investors."

      Earlier, the newspaper "Times" reported that Deutsche Bank chairman Paul Achleitner wants to replace Cryan two years before his current contract expires due to concerns with poor financial performance and negative press in recent years.

      Cryan assumed the post of CEO in 2015, vowing to reform the investment bank with an ambitious corporate restructuring programme until the end of his contract in 2020. In March it was revealed that Deutsche Bank had suffered annual losses of 735 million euros (905 million U.S. dollars) in 2017, taking the total figure of cumulative annual loses since 2015 to 9 billion euros.

      Deutsche Bank's management more than doubled bonus payments to staff during the same period, however, prompting widespread outrage in German media. According to "Times" Achleitner's and Cryan's relationship has "broken down entirely" as a consequence of the development.

      The German Social Democratic Party (SPD) economic policy spokesperson Bernd Westphal has described the situation as "anything but positive" and attacked Cryan for signing generous off pay-rises while the bank was still in the red. "The management of Deutsche Bank must do the job it is paid for. Whoever agrees to pay out 2.3 billion euros in bonus payments must also deliver", Westphal argued.

      Despite his reputation as a skilled corporate cost-cutter, Cryan has so far failed to restore the profitability levels which Deutsche Bank enjoyed prior to the 2007/08 financial crisis. Growing uncertainty over the bank's future has been reflected in its share price which has slumped by a further 30 percent since the beginning of the year.

      Speaking to the magazine SPIEGEL on Thursday, the banking expert Hans-Peter Burghof said that the public personnel debate which has now engulfed Deutsche Bank comes at the worst possible time. "The corporate restructuring process is not concluded yet. A potential successor to CEO John Cryan would actually have to motivate employees and provide them with a perspective", Burghof said.

      Burghof warned that there were too many "unresolved issues" at the moment for a management transition to be concluded smoothly. Deutsche Bank has only recently finalized the public listing of its wealth management subsidiary DWS and is still in the midst of re-integrating Postbank under its corporate umbrella.

      Editor: pengying
      Related News
      Xinhuanet

      Deutsche Bank CEO fights back against replacement rumors

      Source: Xinhua 2018-03-29 19:43:09

      BERLIN, March 29 (Xinhua) -- Deutsche Bank chief executive officer (CEO) John Cryan is fighting back against rumors of his imminent replacement, German media reported on Thursday.

      Writing a "message on the current situation" to staff, Cryan emphasized his desire to remain at the helm of Germany's largest financial institute until the official expiration of his contract in 2020. "We must focus on implementing the strategy which we have agreed with the supervisory board. There is no disagreement on this point", the internal document read.

      "I want to assure you that I will continue to work for the bank with all of my energy and want to continue following along the path with you which we began around three years ago", Cryan added. He admitted that Deutsche Bank was "not where we all want it to be" but argued that the Frankfurt-based institute was nonetheless "on the right track".

      The CEO further announced that he would continue to pursue an ambitious restructuring of Deutsche Bank's business but would soon also be able to place a greater focus on "growth and achieving attractive returns for our investors."

      Earlier, the newspaper "Times" reported that Deutsche Bank chairman Paul Achleitner wants to replace Cryan two years before his current contract expires due to concerns with poor financial performance and negative press in recent years.

      Cryan assumed the post of CEO in 2015, vowing to reform the investment bank with an ambitious corporate restructuring programme until the end of his contract in 2020. In March it was revealed that Deutsche Bank had suffered annual losses of 735 million euros (905 million U.S. dollars) in 2017, taking the total figure of cumulative annual loses since 2015 to 9 billion euros.

      Deutsche Bank's management more than doubled bonus payments to staff during the same period, however, prompting widespread outrage in German media. According to "Times" Achleitner's and Cryan's relationship has "broken down entirely" as a consequence of the development.

      The German Social Democratic Party (SPD) economic policy spokesperson Bernd Westphal has described the situation as "anything but positive" and attacked Cryan for signing generous off pay-rises while the bank was still in the red. "The management of Deutsche Bank must do the job it is paid for. Whoever agrees to pay out 2.3 billion euros in bonus payments must also deliver", Westphal argued.

      Despite his reputation as a skilled corporate cost-cutter, Cryan has so far failed to restore the profitability levels which Deutsche Bank enjoyed prior to the 2007/08 financial crisis. Growing uncertainty over the bank's future has been reflected in its share price which has slumped by a further 30 percent since the beginning of the year.

      Speaking to the magazine SPIEGEL on Thursday, the banking expert Hans-Peter Burghof said that the public personnel debate which has now engulfed Deutsche Bank comes at the worst possible time. "The corporate restructuring process is not concluded yet. A potential successor to CEO John Cryan would actually have to motivate employees and provide them with a perspective", Burghof said.

      Burghof warned that there were too many "unresolved issues" at the moment for a management transition to be concluded smoothly. Deutsche Bank has only recently finalized the public listing of its wealth management subsidiary DWS and is still in the midst of re-integrating Postbank under its corporate umbrella.

      [Editor: huaxia]
      010020070750000000000000011100001370749841
      主站蜘蛛池模板: 精品久久久久久久免费加勒比| 国产精品1024在线永久免费| 亚洲国产精品久久| 国产AV无码专区亚洲Av| 91嫩草私人成人亚洲影院| 久久夜色精品国产噜噜亚洲a| 国产成人高清亚洲一区91| 光棍天堂免费手机观看在线观看 | 国产亚洲情侣久久精品| 真实乱视频国产免费观看| 亚洲av最新在线观看网址| 成全在线观看免费观看大全| 永久亚洲成a人片777777| 亚洲日本国产综合高清| 性色av免费观看| 亚洲av福利无码无一区二区| 国产精品日本亚洲777| 国产乱人免费视频| 亚洲精品欧洲精品| 人妻仑刮八A级毛片免费看| 88av免费观看| 免费大片黄手机在线观看| 亚洲六月丁香六月婷婷蜜芽| a毛片全部免费播放| 麻豆精品国产免费观看| 特级毛片在线大全免费播放| 日本人护士免费xxxx视频| 亚洲熟妇av一区二区三区下载| 100000免费啪啪18免进| 亚洲中文字幕久久精品无码APP | 999久久久免费精品国产| 亚洲Av无码国产一区二区| 91成人免费观看网站| 亚洲AV无码专区在线电影成人| 亚洲无线一二三四区手机| 激情无码亚洲一区二区三区 | 亚洲国产中文在线二区三区免| 成人免费毛片观看| 伊人久久亚洲综合影院首页| 2019中文字幕在线电影免费 | xxxxx免费视频|