Deutsche Bank names its CEOs

DEUTSCHE Bank yesterday appointed two of its top executives as successors to Josef Ackerman, who will be stepping aside next May after 10 years at the helm.

Anshu Jain, the head of the UK investment bank, and Germany head Juergen Fitschen have been appointed co-chief executives, ending a lengthy search for the position.

The German bank also revealed that the board is working towards Dr Ackermann being elected as chairman to the supervisory board to replace Dr Clemens Boersig, who will be stepping down next year.