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 Cookiesbefore 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.

Can Achleitner’s accidental CEO save Deutsche Bank?

With an embarrassing and badly mishandled change of chief executive now complete, all the big problems still remain for Deutsche Bank.

As a motley register of institutional shareholders grows restive and bankers row and scrap and blame each other, Christian Sewing must define a plausible mission for the bank. But the case against chairman Paul Achleitner is surely now unanswerable. Can Deutsche Bank ever be credible again while he still sits in the chair?


The recently departed Deutsche banker has been running Euromoney through his own particular experiences of the bitter internal divisions, blame dodging and structural failures of the world’s most dysfunctional global systemically important bank (G-Sib).

It is a conversation Euromoney has had several times since news first broke in late March of what by mid-April had become the worst-managed change of chief executive by a large bank since the financial crisis.

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