Jain takes sole charge of Deutsche’s investment banking division

Cohrs' retirement leaves Jain in pole position to succeed Ackermann, say analysts.

Anshu Jain has been appointed sole head of the Deutsche Bank's corporate and investment bank, triggering speculation he will succeed Josef Ackermann as chief executive when he leaves the bank in 2013.

The promotion follows the retirement of Michael Cohrs, co-head of the corporate and investment bank and head of global banking, at the end of September 2010. From October 1, he will then join Deutsche Bank's European advisory board.

Cohrs' responsibilities will be assumed by Jain, who will become