Deutsche Bank Set to Replace CEO John Cryan With Retail-Bank Chief – Wall Street Journal

Deutsche Bank AG’s supervisory board is favoring retail-banking chief Christian Sewing, a German who has spent his entire career at the lender, as its next chief executive officer to replace John Cryan, according to people familiar with the matter.

The supervisory board plans to hold a conference call Sunday evening to discuss Mr. Sewing and an external CEO candidate, but is already inclined to support Mr. Sewing, one of the people said. No decision is final, they said.

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