The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Cerberus takes stake in Deutsche Bank as Cryan talks up its repositioning

Deutsche says it welcomes any investor who sees potential in the German bank’s share, but holders are growing impatient for delivery.

Deutsche Bank CEO John Cryan

News that Cerberus Capital Management has taken a 3% stake in Deutsche Bank provoked a flurry of renewed interest in German banking stocks, just as chief executive John Cryan was reassuring investors at a UBS conference that the repositioning of Germany’s largest lender is largely done or at least on track.

The IPO of Deutsche Asset Management unit is set for the first quarter of 2018; the merger of domestic banking operations with those of Postbank for the second. Meanwhile, the restructuring of the investment bank continues, a little too slowly for some.

A spokesperson for Cerberus says: “We have a constructive view of European fundamentals and believe Germany is a highly attractive place to invest, in particular. Within Germany, we believe there are attractive long-term opportunities in retail and corporate banking due to Germany’s robust economy, high savings rate and a number of other factors.”

That sounds straightforward enough and if Cerberus wants to bet on German banking ahead of rising rates in the euro area, Deutsche Bank is certainly a cheaper relative value play than Commerzbank.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree