Wednesday, June 6, 2012

Deutsche bank : on the quest of being global leadersDeutsche bank : on the quest of being global leaders

Anshu Jain, the co-chief executive, intended to make deutsche bank, the only “truly global” bank on his first day of interaction with staff. Deutsche focuses now to join the top 5 or 6 global lenders list. Instead of tough competition with large investment banks like HSBC, JP Morgan, Barclays, Bank of America, Morgan Stanley etc., Euro zone crisis and missteps by them can help Deutsche bank to win market share.

Closer to home, Deutsche Bank said it would integrate the Asset management and wealth management divisions into a new standalone unit as part of a strategic overhaul introduced by Jain and co-executive Juergen Fitschen.

Bank has made some major appointments in this regard n prepared a 15 member committee to revise the strategies which includes Zar Amrolia- head of foreign exchange, Ram Nayak – Chairman of Emerging market Committee and Michael Ormaechea- head of Fixed Income Currencies commodities Asia Pacific.