Monday, April 29, 2013

Un-German Jain Bringing Deutsche Bank to World as Customer’s Man

Bloomberg reports that twelve days into his job as co- chief executive officer of Deutsche Bank AG (DBK), Anshu Jain stood beside Germany’s finance minister and in front of video images of lush forests and rolling rivers as hundreds of businessmen sang the national anthem.

Anshu Jain, co-chief executive officer of Deutsche Bank, spent 18 years climbing to the top of Germany's largest lender. Now he's facing an even greater challenge, fending off allegations of wrongdoing by investment bankers and trying to boost capital.  Jain, an Indian-born British citizen who built a career as a London-based investment banker and speaks little German, remained silent as guests gathered for his debut speech last June at Berlin’s InterContinental hotel raised their voices in praise of the fatherland.
It was a moment that captured the 50-year-old banker’s dilemma: While he works to keep Germany’s biggest lender anchored in Europe’s largest economy, many Germans see him as an outsider selling products they don’t understand….

Is Jain being set up to take the fall when the economy tumbles?  Find out more at

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