Deutsche Bank’s reshuffle leaves analysts questioning its future direction

The pressure could also be on Paul Achleitner, the chairman of the bank’s supervisory board. Hans-Christoph Hirt, the head of Hermes Equity Ownership Services at Hermes Investment Management, told CNBC’s Squawk Box, of which Achleitner has several questions to answer. Hermes Equity Ownership Services is usually a shareholder of Deutsche Bank’s.

“We don’t say he has to go, although he has some very serious questions to answer ahead of the AGM (annual general meeting) along with at the AGM on the 24th of May,” he said.

“There are several questions,” he said, “First of all John Cryan was his man, he handpicked him in 2015,” Hirt said, in reference to the outgoing CEO. He added of which Cryan was the third chief executive in less than six years under Achleitner’s supervision as chair.

“We want to hear currently about what’s the plan, what the brand-new management plan(s) to do, different adjustments to the strategy, what will happen to investment banking,” Hirt said.

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