Deutsche Bank CEO Focused on Strategy But Won’t Rule Out M&A
- Says main part of restructuring will be done by end of year
- Sewing reiterates he doesn’t want to be ‘junior partner’
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Deutsche Bank AG Chief Executive Officer Christian Sewing didn’t rule out considering a takeover as early as next year if the lender’s share price recovers, while saying the priority remains implementing his turnaround plan.
Speaking in an interview with Bloomberg TV, Sewing said he was “laser-focused” on executing on his four-year strategy, which runs through 2022. But pushed on whether that means no deal before then, the CEO said the key phase of the bank’s transformation will actually be completed within the next three months.