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Deutsche Bank: Debate centres on Anshu Jain

Deutsche Bank will come closer to deciding on its next chief executive this weekend when chairman Clemens Boersig meets key supervisory board members to discuss leadership options. The process centres on how to keep investment banking boss Anshu Jain.

india Updated: Jul 10, 2011 22:49 IST
Reuters
Hindustantimes

Deutsche Bank will come closer to deciding on its next chief executive this weekend when chairman Clemens Boersig meets key supervisory board members to discuss leadership options. The process centres on how to keep investment banking boss Anshu Jain.

But key members and current CEO Josef Ackermann say it is too early for him to be standalone CEO. Jain, 48, is seen as a strong candidate because he heads Deutsche's most profitable division. He draws support from what is known to be "Anshu's army", legions of traders and bankers who bring in revenue, a factor that gives him an edge over rival Hugo Baenziger, the bank's chief risk officer.

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