No Easy Fix for Cryan at Deutsche Bank Once Applause Dies Down
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John Cryan helped resuscitate UBS AG as finance chief after its state bailout. In leading Deutsche Bank AG, he may face an even tougher challenge.
Cryan’s first task after taking the helm on July 1 will be to win back investor trust, eroded by years of missed targets, legal entanglements and low returns for shareholders. Down the road, he’ll have to rethink the business model, a task that’s more complicated at Deutsche Bank because it lacks the giant and profitable wealth management business that buttressed UBS.