Deutsche Bank AG CEO John Cryan has told employees that he remains committed to his job in spite of reports that Chairman Paul Achleitner has begun sounding out potential replacements amid investor unrest over the lender's ongoing struggles.
The Times of London reported March 27 that Achleitner had made informal approaches to a number of European bankers. In a letter posted to Deutsche Bank's website March 28, Cryan said he is "absolutely committed to serving our bank and to continuing down the path on which we started some three years ago."
He added that financial results "have so far not been what all of us would want them to be," but that "we need to focus on executing on the strategy that was agreed and signed off by both the management and supervisory boards. There is no difference of opinion here."