Christian Sewing to become new CEO of Deutsche Bank: Report

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Deutsche Bank confirmed late on Saturday that the board would discuss the CEO position and make a decision.
FRANKFURT: Christian Sewing, currently co-deputy chief executive officer of Deutsche Bank, is to become the new CEO of Germany's biggest lender, replacing John Cryan, Der Spiegel magazine reported on its website on Sunday.

A spokeswoman for Deutsche Bank declined to comment.

The German magazine said that Chairman Paul Achleitner will nominate Sewing at a hastily called board meeting on Sunday evening. Sewing would assume the helm at the company's annual general meeting in May, the report said.

Deutsche Bank confirmed late on Saturday that the board would discuss the CEO position and make a decision.