"/>

    Ex-Merrill Lynch CEO joins Deutsche Bank

    Source: Xinhua    2018-04-04 20:22:29

    BERLIN, April 4 (Xinhua) -- John Thain, former chief executive officer (CEO) of the U.S. investment bank Merrill Lynch and New York Stock Exchange (NYSE), has been nominated to join Deutsche Bank's supervisory board, the Frankfurt-based financial institute announced on Wednesday.

    Deutsche Bank informed shareholders of the nomination in an invitation letter to the publicly listed company's upcoming Annual General Meeting (AGM) on May 24.

    The news comes amidst growing rumors of bitter infighting between CEO John Cryan and board chairman Paul Achleitner.

    Media reports recently suggested that Cryan would be replaced prior to the official termination of his current contract in 2020, a claim which was vehemently disputed by the CEO in a subsequent internal letter to staff.

    The newspaper "Times" cited information from an unnamed insider that Cryan's and Achleitner's relationship had "broken down entirely" after it was revealed that 2017 would be yet another year of losses for the embattled company.

    Cryan assumed the post of CEO in 2015, vowing to reform the investment bank with an ambitious corporate restructuring program until the end of his contract in 2020. In March, it was revealed that Deutsche Bank had suffered annual losses of 735 million euros (904 million U.S. dollars) in 2017, taking the total figure of cumulative annual loses since 2015 to 9 billion euros.

    Bonus payments to Deutsche Bank's management more than doubled during the same period and prompting widespread outrage in German media.

    The German Social Democratic Party (SPD) economic policy spokesperson Bernd Westphal described the situation as "anything but positive" and attacked Cryan for signing generous pay-rises while the bank was still in the red.

    Thain is only the latest of several new nominations in a wider ongoing supervisory board reshuffle at Deutsche Bank which has been overshadowed by a poor financial performance.

    Following the departure of Eon CEO Johannes Teyssen and the retirement of SAP CEO Henning Kagermann, there will be no representatives of the German industry on Deutsche Bank's supervisory board for the first time in history.

    Like many other German financial institutions, founded in the 1870s at the height of Germany's industrial catch-up process, Deutsche Bank has traditionally retained close ties with the country's powerful manufacturing sector. By contrast, the newly-assembled supervisory board will be dominated by managers who made their careers in the Anglo-American financial services industry.

    Deutsche Bank is Germany's largest financial institute measured by the size of its balance sheet and employees 43,000 employees in the country.

    The bank has been rocked by a series of international scandals since the 2007/08 financial crisis surrounding diverse allegations of fraud which have harmed its reputation and profitability.

    Editor: Zhou Xin
    Related News
    Xinhuanet

    Ex-Merrill Lynch CEO joins Deutsche Bank

    Source: Xinhua 2018-04-04 20:22:29

    BERLIN, April 4 (Xinhua) -- John Thain, former chief executive officer (CEO) of the U.S. investment bank Merrill Lynch and New York Stock Exchange (NYSE), has been nominated to join Deutsche Bank's supervisory board, the Frankfurt-based financial institute announced on Wednesday.

    Deutsche Bank informed shareholders of the nomination in an invitation letter to the publicly listed company's upcoming Annual General Meeting (AGM) on May 24.

    The news comes amidst growing rumors of bitter infighting between CEO John Cryan and board chairman Paul Achleitner.

    Media reports recently suggested that Cryan would be replaced prior to the official termination of his current contract in 2020, a claim which was vehemently disputed by the CEO in a subsequent internal letter to staff.

    The newspaper "Times" cited information from an unnamed insider that Cryan's and Achleitner's relationship had "broken down entirely" after it was revealed that 2017 would be yet another year of losses for the embattled company.

    Cryan assumed the post of CEO in 2015, vowing to reform the investment bank with an ambitious corporate restructuring program until the end of his contract in 2020. In March, it was revealed that Deutsche Bank had suffered annual losses of 735 million euros (904 million U.S. dollars) in 2017, taking the total figure of cumulative annual loses since 2015 to 9 billion euros.

    Bonus payments to Deutsche Bank's management more than doubled during the same period and prompting widespread outrage in German media.

    The German Social Democratic Party (SPD) economic policy spokesperson Bernd Westphal described the situation as "anything but positive" and attacked Cryan for signing generous pay-rises while the bank was still in the red.

    Thain is only the latest of several new nominations in a wider ongoing supervisory board reshuffle at Deutsche Bank which has been overshadowed by a poor financial performance.

    Following the departure of Eon CEO Johannes Teyssen and the retirement of SAP CEO Henning Kagermann, there will be no representatives of the German industry on Deutsche Bank's supervisory board for the first time in history.

    Like many other German financial institutions, founded in the 1870s at the height of Germany's industrial catch-up process, Deutsche Bank has traditionally retained close ties with the country's powerful manufacturing sector. By contrast, the newly-assembled supervisory board will be dominated by managers who made their careers in the Anglo-American financial services industry.

    Deutsche Bank is Germany's largest financial institute measured by the size of its balance sheet and employees 43,000 employees in the country.

    The bank has been rocked by a series of international scandals since the 2007/08 financial crisis surrounding diverse allegations of fraud which have harmed its reputation and profitability.

    [Editor: huaxia]
    010020070750000000000000011100001370885231
    主站蜘蛛池模板: 俄罗斯乱理伦片在线观看| 国产精品久久女同磨豆腐| 久久久国产精品| 欧美日韩一二三| 日韩欧美在线精品| 精品精品国产高清a毛片| 香蕉久久精品国产| 欧美人和黑人牲交网站上线| 古代级a毛片在线| 97国产在线视频公开免费 | 四虎精品视频在线永久免费观看 | 人妻久久久一区二区三区 | 好吊妞欧美视频免费高清| 久久久青草青青亚洲国产免观| 欧美成人免费一区二区| 免费一级毛片在线播放| 色婷婷综合在线| 国产拍拍拍无码视频免费| 97av在线播放| 好爽好紧好大的免费视频国产 | 四虎在线免费播放| 黑人巨大精品欧美一区二区免费| 在人间电影在线观看完整版免费 | 天天干天天综合| 中文字幕在线不卡精品视频99| 明星ai换脸资源在线播放| 亚洲欧美丝袜综合精品第一页| 秋葵视频在线免费观看| 国产gaysexchina男同menxnxx| 免费成人福利视频| 国产精品色午夜视频免费看| www亚洲成人| 成人五级毛片免费播放| 久久久久国色av免费观看| 极品肌肉军警h文| 亚洲情a成黄在线观看| 特级黄色免费片| 动漫裸男露ji无遮挡网站| 色一情一乱一伦一区二区三区| 国产性生活大片| 天天久久影视色香综合网|