Anushu Jain quits as Deutsche bank CEO

Berlin: In a surprise move, India-born Anshu Jain on Sunday resigned as the Co-CEO of Germany’s biggest bank — Deutsche Bank — losing the top spot to former UBS banker John Cryan, who will serve as the Co-CEO and will become the “sole CEO” after May 19.

Mr Jain is the second Indian to resign from a global bank after Vikram Pandit who stepped down as the CEO of Citigroup in 2012. He is also the second Indian to quit a German industry giant after reaching the top spot after Infosys CEO Vishal Sikka, who resigned as the executive board member of the software major SAP in 2014.