sentences:  In 1981 he founded Phoenix Securities Ltd which was acquired by Morgan Grenfell Group plc in 1987 when he took on the role of Group Chief Executive of Morgan Grenfell Group plc.He sat on the board of managing directors of Deutsche Bank from 1990 until 1996.Craven was chairman of Morgan Grenfell Group plc from 1989, a post he retained when the group was renamed as Deutsche Morgan Grenfell Group plc in 1996.