Frankfurt, Germany - June 8, 2015, Frankfurt, Germany - Deutsche Bank announced that Anshu Jain and Jürgen Fitschen, who have shared the chief executive job, are leaving early.
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Mr. Jain will step down on June 30, and Mr. Fitschen will remain in his role until next May.
Mr. Fitschen became a member of Management Board on April 1, 2009. Since the end of the Annual General Meeting on May 31, 2012, he has been, together with Mr. Jain, Co-Chairman of the Management Board. At the meeting of the Supervisory Board on October 29, 2013 the appointment of Mr. Fitschen, was extended until March 31, 2017.
Mr. Fitschen has been with Deutsche Bank since 1987, was already a member of the Management Board from 2001 to the beginning of 2002 and has been a member of the Group Executive Committee since 2002.
Mr. Fitschen first took on functional responsibility for global Regional Management in 2005 and since June 2012 has held functional responsibility for the bank’s Regional Management worldwide, with the exception of the bank’s European region but including Germany and the UK.
Mr. Fitschen studied Economics and Business Administration at the University of Hamburg and graduated in 1975 with a Master’s degree in Business Administration.
From 1975 to 1987, Mr. Fitschen worked at Citibank in Hamburg and Frankfurt am Main in various positions. In 1983 he was appointed member of the Executive Committee Germany of Citibank.
Mr. Jain became a member of Management Board on April 1, 2009. He joined Deutsche Bank in 1995 and became Head of Global Markets in 2001 as well as a member of the Group Executive Committee in 2002.
Mr. Jain studied Economics at Shri Ram College (Delhi University), graduating in 1983, with a BA, and studied Business Administration at the University of Massachusetts, graduating in 1985 with an MBA in Finance.
After his academic studies, Mr. Jain worked until 1988 for Kidder Peabody, New York, in the area of Derivatives Research. From 1988 to 1995 he set up and ran the global hedge fund coverage group for Merrill Lynch, New York.
Deutsche Bank AG named John Cryan as chief executive officer
Mr. Cryan held a number of senior roles at UBS AG over a career spanning more than 25 years with the banking group including serving as Group Chief Financial Officer between 2008 and 2011.
Mr. Cryan was also Chairman and CEO of UBS AG EMEA between 2010 and 2011 and served as CEO of UBS Limited, the bank's principal operating entity in the EU over the same period. Between 2012 and 2014 he was President of Temasek International's European operations. ■