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Anshu Jain made co-chief executive at Deutsche Bank

Josef Ackermann to be replaced in 2012 by Deutsche's investment banking head and Risk lifetime achievement award winner

    • Michael Watt
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Deutsche Bank has announced the promotion of Anshu Jain from his current role as head of corporate and investment banking to co-chief executive, effective from after the bank's annual general meeting in May 2012. Jain joined Deutsche from Merrill Lynch in 1995, and pioneered its growth as a major investment banking player and derivatives house. He has been a member of the group executive board since 2002, and joined Deutsche's management board in 2009.

Jain will share the role of chief executive

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