Departing Deutsche Bank co-CEO Jain to work for free: media
June 15, 2015 3:24 am
The co-Chief Executive of Deutsche Bank Anshu Jain will receive no severance pay and no compensation for working as an adviser to the bank in the 6 months after his departure, German media reported.
Jain didn’t want to financially burden the bank with his 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. John Cryan, investment banking veteran and former finance chief of Swiss bank UBS AG, becomes CEO in July.
The material has been provided by InstaForex Company – www.instaforex.com
The co-Chief Executive of Deutsche Bank Anshu Jain will receive no severance pay and no compensation for working as an adviser to the bank in the 6 months after his departure, German media reported.
Jain didn’t want to financially burden the bank with his 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. John Cryan, investment banking veteran and former finance chief of Swiss bank UBS AG, becomes CEO in July.
The material has been provided by InstaForex Company – www.instaforex.com
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