Deutsche Bank appoints Jain, Cohrs to board

Deutsche Bank appoints Jain, Cohrs to board
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First Published: Wed, Mar 18 2009. 09 45 PM IST
Updated: Wed, Mar 18 2009. 09 45 PM IST
Frankfurt: Deutsche Bank AG appointed four executives to its management board, including investment banking co-heads Anshu Jain and Michael Cohrs, broadening the field of potential successors to chief executive officer Josef Ackermann.
The Frankfurt-based bank’s supervisory board also voted to promote Rainer Neske, the head of private and business clients, and regional management chief Juergen Fitschen to the management board, it said in a statement on Wednesday. The appointments take effect on 1 April.
Germany’s largest bank will probably appoint a successor for Ackermann, 61, from the enlarged board, two people with knowledge of the matter said on 13 March. Ackermann is scheduled to step down at the annual general meeting in May 2010.
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First Published: Wed, Mar 18 2009. 09 45 PM IST