Deutsche Bank Chairman Achleitner says John Cryan was too slow in delivering results

Finance


During these recent management changes, there has also been intense pressure on Paul Achleitner himself, who has appointed three new chiefs during his tenure. On Monday, Hans-Christoph Hirt, the head of Hermes Equity Ownership Services at Hermes Investment Management, told CNBC’s “Squawk Box Europe,” that Achleitner has a number of questions to answer. Hermes Equity Ownership Services is a shareholder of Deutsche Bank’s.

“We don’t say he has to go, but he has some very serious questions to answer ahead of the AGM (annual general meeting) and at the AGM on the 24th of May,” he said.

But according to Burghof there’s nobody available to replace the chairman. “He’s got the links, he’s got the power, he’s from Goldman Sachs, he is a guarantee for a very good power network in today’s world.”

“Who would like to do it?” Burghof wondered, it’s “not very attractive to lead Deutsche Bank at the moment,” he added.



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