DGAP-Adhoc

Deutsche Bank AG: Deutsche Bank appoints John Cryan to succeed Jürgen Fitschen and Anshu Jain

Deutsche Bank AG / Key word(s): Change of Personnel

07.06.2015 15:07

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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The Supervisory Board of Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) decided
at an extraordinary meeting today to appoint John Cryan (54) to the
position of Co-Chief Executive Officer, effective July 1, 2015. Mr. Cryan
has been a member of Deutsche Bank's Supervisory Board since 2013, and has
served as Chairman of the Audit Committee and a member of the Risk
Committee. Upon becoming Co-CEO, he will step down from the Supervisory
Board.

Mr. Cryan was President for Europe at Temasek, the Singaporean investment
company, from 2012 to 2014. Previously, he was Chief Financial Officer of
UBS from 2008 to 2011 and worked in corporate finance and client advisory
roles at UBS and SG Warburg since 1987. He is a graduate of the University
of Cambridge.

The appointment of Mr. Cryan as Co-CEO follows the decision of Jürgen
Fitschen (66) and Anshu Jain (52), Co-Chief Executive Officers, to step
down early from their roles. Mr. Jain will step down on June 30, 2015, and
the Supervisory Board has asked him to remain as a consultant with Deutsche
Bank from July 1, 2015, to January 2016. The Supervisory Board has asked
Mr. Fitschen to remain in his current role until the conclusion of the
Annual General Meeting on May 19, 2016, to help ensure a smooth transition.
Their contracts were due to run through to March 31, 2017. Upon Mr.
Fitschen's departure on May 19, 2016, Mr. Cryan will become sole CEO.


07.06.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt a. M.
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.deutsche-bank.de
ISIN: DE0005140008
WKN: 514000
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart; Terminbörse
EUREX; NYSE

End of Announcement DGAP News-Service

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