China Watch: lab students
  • Telegraph
  • Business

Investors have told Deutsche Bank’s under-pressure boss John Cryan that another set of disappointing results could trigger a management shake-up.

The performance of its once glowing investment bank is set to dictate the mood between top shareholders and the bank’s board as it prepares to publish annual results in the coming weeks.

“Cryan’s contract runs until 2020 which I think is too long for lacklustre results,” said Michael Huenseler, an investor at Assenagon Asset Management, a shareholder in the lender.

“A major disappointment [in the investment bank] will inevitably lead to shareholders demanding a change at the helm.”

Ingo Speich, an investor at top 20 shareholder Union Investment, said that shareholders were gasping for “some proof” that Deutsche could turn around its investment bank.

“If we see very weak numbers compared to the US peers then I guess we have to bring the discussion forward,” he said. “There’s currently no proof that the strategy is working.”

The bank currently ranks fourth for investment banking revenue in Europe, the Middle East and Africa, according to Dealogic, with Wall Street banks Goldman Sachs, JP Morgan and Citigroup all ahead of it.

If the bank ends the year in this position it will be the first time it has slid out of the top three since 2009.

Deutsche Bank declined to comment.


  • Gallery



  • From Lee McQueen to Alana Spencer: where are the Apprentice candidates now?


  • Business latest

  • Businesses are planning to get around new rules limiting credit card fees


  • Goldman Sachs

  • Google logo

  • Dow Jones

    Jeremy Warner

  • Markets

  • Jeremy Corbyn

    Ben Marlow

  • Cambridge

  • Blue Planet II

  • Donuts


  • Russian President Vladimir Putin is welcomed by Hungarian Prime Minister Viktor Orban in the Hungarian parliament building of Budapest in February 2017

  • Water

  • Ether


  • Wall Street


  • Shares

  • Theresa May and Jean-Claude Juncker


  • Cheese

  • Pubs

  • Chriss Rucker

  • Niki

  • Birkenstock

  • Brexit

  • Please support us by disabling your adblocker

    We’ve noticed you’re adblocking.

    We rely on advertising to help fund our award-winning journalism.

    We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future.

    Thank you for your support.

    Need help?

    Click here for instructions