Deutsche Bank Appoints John Cryan CEO After Juergen Fitschen, Anshu Jain Resign

FRANKFURT, Germany -- Deutsche Bank AG appointed John Cryan as its new CEO Sunday after co-CEOs Juergen Fitschen and Anshu Jain resigned in the wake of criticism by investors. Cryan, 54, has been on the bank's supervisory board since 2013 and was a former chief financial officer of the Swiss UBS AG. He will replace Jain July 1 and become the sole CEO when Fitschen steps down next year, the bank said.