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Anshu Jain may be replaced

anshaDeutsche Bank is considering John Cryan, the former finance chief of UBS , as a potential replacement for co-chief executive Anshu Jain should he be implicated in an ongoing investigation into currency manipulation, according to a German magazine. The supervisory board of Deutsche Bank is discussing who could replace Jain, the former head of investment banking, as regulators probe suspicions that a number of global banks improperly influenced benchmark foreign exchange pricesthe publication reported. Deutche Bank refused to comment on the report. Deutsche is also considering replacing its U.S.-based chief counsel Richard Walker for raising the ire of German financial regulator Bafin, according to the magazine reported. As a replacement for Walker, Deutsche Bank is said to be considering UBS general counsel Markus Diethelm.

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