Southpaw: Jain in the frame in battle of the Deutsche co-heads
The succession battle at the top of Deutsche Bank is not a spat between retail and investment bankers, as it is sometimes portrayed. There is, however, a tussle between the management board and the supervisory board. Both agree that splitting the role makes sense, but they have different partners in mind. David Rothnie reports.
Another Deutsche Bank AGM, another blizzard of headlines about a leadership in crisis. Reports have emerged suggesting open warfare between investment bankers supportive of the candidacy of investment bank head Anshu Jain to replace Josef Ackermann as group chief executive and Frankfurt-based managers who favour an alternative solution.
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