German Bank: John Cryan – Taskmaster numbers – SPIEGEL ONLINE

must always clean up a New. One who can credibly represent the change, both within the Bank as well as shareholders and the public. In this regard, John Cryan, 54, born in northern England Harrogate, graduated from the elite university Cambridge, a good choice.

Unlike Anshu Jain, whose position as Co-Chief he takes over on 1 July, Cryan does not come from the trading rooms of Deutsche Bank, is therefore not linked to scandals such as the manipulation of reference interest rates. And unlike Co-CEO Juergen Fitschen, who remains until the end of April 2016 Office before Cryan takes over the sole leadership of Deutsche Bank, he also not attempted process fraud case against the now deceased media entrepreneur Leo Kirch is accused.

About Cryan are not aware of any scandals. On the contrary: In his career so far, the Briton has excelled more as a cautious manager.

First of all, from 2008 to 2011 as Chief Financial Officer of Swiss bank UBS . Ironically, at the height of the financial crisis took over this job Cryan, built from the risky credit derivatives at UBS and established new surveillance systems for the balance sheet risks of the Institute. Since Cryan enjoy in industry and government circles a good reputation, writes the “Financial Times”.

Also at Deutsche Bank made Cryan, the acquaintances said of humility and earthiness, first career as an inspector. Since 2013 he is on the board of the money home. As Chairman of the Audit Committee and Member of the Risk Committee, he is as strong as no other German bank manager entrusted with the investigation of its inglorious past.

Cryan would therefore have deep knowledge of the scandals in investment banking – to be involved without itself in this. To clean these are first of all good preconditions. The only question is whether and to what extent the Institute Cryan ultimately can really clean up. And I will.

“It is an investment banker at the helm”

From what is known so far, to implement in particular the strategy of the Briton which outgoing the Chefs were presented in April. After this the already scandal-prone investment banking would significantly less slashed as retail banking.

That Cryan continues the strategy is considered virtually certain. Because he could be German Bank CEO, especially supervisory board chief Paul Achleitner is thanks to having the strategy with significantly advanced. “It remains an investment banker at the top,” says a senior staff member of the private client division SPIEGEL ONLINE. He did not expect major changes.

From the leadership circle of the Institute states: “The strategy is not reformulated But there is obviously room for maneuver in drawing up the details..”

In the financial sector, this wording already stoking expectations. Cryan had prevailed at UBS that the Bank significantly when increasing their capital, said Huw van Steenis, banking analyst at Morgan Stanley US Institute, the “Financial Times”. More tough capital could use the German bank, which still lags in this point of the competition behind. But

Higher capital ratio would be possible only if Cryan investment banking more saves than Jain and Fitschen is planned. Richard Stein of the company specializing in the financial sector in London management consultancy Options Group, told the “Wall Street Journal” Therefore, he expects Cryan “brings the knife”.

One advantage to promote a cultural change whatsoever at Deutsche Bank, Cryans likely to be language skills. Unlike Jain – the employees and shareholders to the last reason why remained a stranger, because he mostly addressed in English – to Cryan speak German well. He learned the language when he early nineties at the investment bank SG Warburg worked and lived in Munich.

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