Analysts have broadly welcomed an overhaul of Deutsche Bank’s management and structure that involves big changes for both its investment bank and asset and wealth divisions, but questions remain for the German group and its new chief executive John Cryan, they said.

The changes, announced by Deutsche on October 18, will "fundamentally change its group and leadership structure" to create, as Cryan put it in a statement, "a better controlled, lower cost, and more focused bank".