Deutsche Bank begins a new epoch on Thursday as Chairman Paul Achleitner leaves after a rocky decade during which Germany's largest lender lost billions and saw its share price plummet.
annual general meeting on Thursday, Alexander Wynaendts, a Dutch former insurance executive, will be voted in to succeed Achleitner.
"I am leaving Deutsche Bank with the deep conviction that we have all set the course for a successful future," he will add. But control problems continue to plague the bank, despite efforts to beef up safeguards, something Wynaendts plans to focus on strengthening further, a person with direct knowledge of his thinking told Reuters.
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