Deutsche Bank replaces CEO John Cryan with German Christian Sewing

Berlin (AFP) – Germany’s troubled Deutsche Bank announced late Sunday it was replacing British CEO John Cryan with one of his deputies, German Christian Sewing.

“The supervisory board of Deutsche Bank has named Christian Sewing to the position of CEO, effective immediately, to succeed John Cryan who will leave the bank at the end of the month,” the Frankfurt-based bank said in a statement.

.