India-born Anshu Jain had resigned as the Co-CEO of Germany’s biggest bank – Deutsche Bank. He will be replaced by former UBS banker John Cryan, who will serve as the Co-CEO and will become the “sole CEO” after May 19. Cryan, 54, has been on the bank’s supervisory board since 2013.

Anshu Jain is the second Indian to resign from a global bank after Vikram Pandit who stepped down as the CEO of Citigroup in 2012. Anshu Jain spent 20 years building Deutsche Bank into a global investment bank that rivalled Wall Street’s giants.

Duetsche Bank

• Deutsche Bank AG is a German global banking and financial services company with its headquarters in the Deutsche Bank Twin Towers in Frankfurt.
• Deutsche Bank was founded in Berlin in 1870 as a specialist bank for foreign trade
• The Bank has more than 100,000 employees in over 70 countries.
• It is considered to be one of the most prestigious and most influential banks in the world.
• Paul Achleitner is the Chairman of Deutsche Bank.