Deutsche Bank names Fitschen, Jain as co-heads

25th July 2011, Comments 0 comments

The biggest German bank, Deutsche Bank, named Juergen Fitschen and Anshu Jain as co-heads Monday to replace Josef Ackermann from May 2012.

Fitschen, 62 heads the bank's German unit, while Jain, a 48-year-old native of India, runs the core corporate and investment banking division.

Deutsche Bank has had a leadership duo -- a management model widely seen as outdated -- before, although not since the 1980s, and it remains to be seen if this one will work, according to analysts.

© 2011 AFP

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