Deutsche Bank's advisory board are to have a meeting on September 10th in Bavaria to discuss new strategy plans, as well as hear views from its new CEO John Cryan, following many months of turbulence for the bank. Mr Cryan will become the sole CEO in May and has been asked to finalise a strategic overhaul to reduce complexity and take out costs, which the bank's previous joint CEO's failed to do. One source said, "We want to hear what he is planning. Deutsche Bank declined to comment. We don't know if it will be done this year or next year."
Deutsche Bank's advisory board are to have a meeting on September 10th in Bavaria to discuss new strategy plans, as well as hear views from its new CEO John Cryan, following many months of turbulence for the bank. Mr Cryan will become the sole CEO in May and has been asked to finalise a strategic overhaul to reduce complexity and take out costs, which the bank's previous joint CEO's failed to do. One source said, "We want to hear what he is planning. We don't know if it will be done this year or next year."