Saturday, May 28, 2011

Deutsche Bank : Search for a new CEO

Internal candidates to succeed Ackermann ( current CEO)  include Anshu Jain, 48, head of the corporate and investment bank, and Chief Risk Officer Hugo Banziger, 55, people with knowledge of the matter said previously. The race has intensified with Axel Weber , 54, who stepped down as Bundesbank president in April, joining the mix as a potential successor or co-CEO, they said. 

Klaus Nieding, a representative of Germany's DSW shareholder group, praised Weber's connections to regulators, Jain's ability to earn money and Banziger's risk management while calling for an end to speculation.
"If we could bake our next CEO, then we'd take ingredients from all of them," Nieding said. "You should finally draw a line in the sand with open communication."  

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