April 8, 2018 / 8:04 AM / Updated 35 minutes ago

Deutsche Bank's Sewing to become new group CEO - source

Reuters Staff

1 Min Read

FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) co-deputy chief executive Christian Sewing is to become the new CEO of Germany’s biggest bank, a person familiar with the matter told Reuters on Sunday.

FILE PHOTO: Christian Sewing, member of the board of Germany's Deutsche Bank is pictured in Frankfurt, Germany, February 2, 2018. REUTERS/Ralph Orlowski/File Photo

Sewing tops a list of candidates to be presented by Chairman Paul Achleitner and is the preferred option, the person said, adding fellow co-deputy CEO Marcus Schenck was close to leaving the bank.

Deutsche Bank declined to comment.

Reporting by Andreas Framke; Writing by Christoph Steitz; Editing by Edward Taylor and Tom Sims

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