Anshu jain as an adviser for free at Deutsche for 6 months : Deutsche Bank co-Chief Executive Anshu Jain will receive no severance pay and no compensation for working as an adviser to the bank in the six months after his departure, German media reported on Sunday.

Jain did not want to financially burden the bank with his own, personal decision to quit, which followed a hailstorm of investor criticism, scandals, fines and investigations, reported the Frankfurter Allgemeine Sonntagszeitung. Jain and his counterpart, co-CEO Juergen Fitschen, shocked staff and investors by announcing plans to leave early a week ago.He has also agreed to assist Cryan with the transition for six months without remuneration, newspaper Bild am Sonntag wrote. Deutsche Bank declined to comment.

Meanwhile, the bank’s top managers recently called on the incoming CEO as he works hard to keep them on board, at least for now, following the shock announcement of Jain’s exit. Deutsche Bank’s chairman Paul Achleitner and the departing co-CEO Jain have also offered executives assurances that their positions are secure, signalling no other immediate changes, bank insiders said.

Germany’s largest bank, headquartered in two mirrored towers in Frankfurt, is in the middle of a major restructuring dubbed “Strategy 2020” which will involve cutting back its investment banking operation and selling its Postbank retail banking unit, while fortifying wealth management and transaction services.

John Cryan, investment banking veteran and former finance chief of Swiss bank UBS, becomes CEO in July.