Ackermann says goodbye to Deutsche Bank after 10 years

DEUTSCHE Bank CEO Josef Ackermann stepped down after a decade running Germany’s biggest lender yesterday, telling shareholders the bank is in “outstanding shape”.

Ackermann is credited with steering Deutsche through the financial crisis, though, like rivals, it is now suffering from the fall-out of the euro crisis. Ackermann took a shot at more profligate Eurozone countries in his speech: “The economic conditions, debt levels and the lack of will to carry out reform in a few countries of the Eurozone continue to give rise to concern,” he said. He is being replaced by co-CEOs Anshu Jain and Jürgen Fitschen.