Sunday, June 7, 2015

Change of management at Deutsche Bank – Tsunami on Sunday afternoon – Süddeutsche.de

  • The leadership crisis at Deutsche Bank takes a surprising turn: The Briton John Cryan solves the dual leadership of Anshu Jain and Jürgen Fitschen from.
  • rumors of a resignation of Jain and Fitschen were circulating for weeks, but Jain were last transmitted even additional skills
  • Insiders confirm the impression about striking events over the weekend. It was then everything went very abrupt.
  • Click here to read a portrait of the
  • New at the top.
Harald Freiberger and Ulrich Schäfer , Frankfurt

rumors? Yes, there have been in recent weeks repeatedly. This can not last much longer go well with both. All the penalties, all the transgressions of the past. At least Jürgen Fitschen is no longer tenable: the causa church, this eternal saga. And now even the process so against him in Munich, against the incumbent head of Deutsche Bank. Once a week is negotiated every Tuesday

How will thus lead to still the German bank

On the other hand: Josef Ackermann also led, although he was in Dusseldorf to justice the German bank. Twice even. Mannesmann process, first edition. And then again the second edition. Ackermann has persevered, although the media and politics have torn him because he has stretched the fingers in a negotiation break for victory sign; and because he has not only issued a return on equity of 25 per cent as a target, profit, profit, profit therefore, but has the same day also announced plans to lay off several thousand employees.



John Cryan In this man the German bank

sets Following the withdrawal of Anshu Jain and Jürgen Fitschen is John Cryan new head of Deutsche Bank. It has already led to another major bank by the crisis. Portrait

Anshu Jain and Jürgen Fitschen have not persevered, after three years at the helm of Deutsche Bank are bang on case resigned. And in the end the thing went very fast, the rumors, the events, the breaking news came thick. It is, says one who is actually getting very close to it in the events happened very abruptly. Very abruptly: This must be well understood that the change of power in the largest bank of the Republic took place very disorganized. And that no one had the operations this Sunday as planned, as they then unfolded.

The first rumor that Jain and Fitschen could plunk down: It came at around noon on Sunday. The first news flash: you spread a little later, by 13 clock; the Wall Street Journal reported that Jain and Fitschen had offered their resignations. To 13.13 clock, not even a quarter of an hour later, then reported the Financial Times already the successor to Jain: John Cryan, a Briton, who used to be chief financial officer of the Swiss bank UBS, should take over. The source: a nameless insider. The bank itself did not want to say no comment, it was tight-lipped. Spokesman could not be reached. Goods literally speechless.



Such normally experienced only a communicative confusion when a politician throws.

This is something you can experience rare in large enterprises, usually run leadership changes there well-ordered from, prepared by the Supervisory Board with a long hand, and mostly well communicated. That one throws, so, in this case even two, and that this is then spread through the media before it, the company officially communicated to do in an ad hoc announcement on the Stock Exchange to satisfy the securities laws – does not come often before. Such a communicative confusion one experiences usually only when a politician throws. Not even at Fifa boss Sepp Blatter had been up to his surprising press conference guessed something.

Two hours were needed at Deutsche Bank on Sunday to sort themselves. Then came to 15.12 clock, the confirmation: cool, sober, factual. The Supervisory Board has appointed John Cryan with effect from 1 July 2015 the new Co-Chairman, a from among the Supervisory Board therefore; He succeeds Jain. So a Briton replaces a British because Jain, of opponents and the media like dubbed “the Indians” was born in Jaipur in the Indian state of Rajasthan; but for a long time he has been a British passport



Your Forum How do you rate the resignation of Fitschen and Jain?

After months of criticism enter the two CEOs of Deutsche Bank, Jürgen Fitschen and Anshu Jain, back. An overdue step? your forum

Fitschen allowed to stay for the time being. Until the next Annual General Meeting in May 2016 he will teach the new ones. One year reprieve so – unless we may suspect that things in the parish process evolve against him and he is no longer tenable

.

LikeTweet

No comments:

Post a Comment