John Cryan, Crohn, Polack discussed on FT Banking Weekly

Automatic TRANSCRIPT

Shirt approach to bonuses and that's really hurt the investment banking franchise the revenues of being of been shrinking in several areas of that business is really losing market share and that's causing a lot of alarm among big shareholders and questions as to whether john cryan is really the right person to be to be leading this business whether the aggressive shrinkage strategy that seems to be pursuing plans to even further is the right one paul acclimate knows hearing other people on the supervisory board questioning that strategy questioning whether crohn's the right person so he is putting out a here very informal feelers to people he knows in polack knows everybody in european banking he's ex goldman sachs he he picks up the phone regularly and talks to other banking ceos and i think he's just sounded out a few people one person we heard that he sounded out very informally as shown pierre mustafa the french who's running italy's biggest bank unicredit very experienced investment banker doing a great job at uni credits according to to most people but i don't think there's really any interest for jeanpierre mistake to move at this time and this is part of the problem that deutsche has is who really wants this job because deutscher is in a very difficult position and there's a lot of tough decisions that need to be made yes it was hard enough last time rant when paul clark was looking for a replacement for and she jane back three or four years ago and then interesting he came up with a plan to bring a number of his most trusted banking contacts onto the supervisory board with him john crime was one of those at that point he invited mischievous come on which didn't work heels invited bill winters who was being lined up as chief executive of standard chartered at the time who also declined an who who knows may may now be a name back in the frame again we we haven't been able to.

Coming up next