Anshu Jain is the head of Deutsche Bank’s Corporate & Investment Bank, sits on the management committee and oversees operations that produce upwards of 90 percent of the firm’s profits in any given quarter. He’s considered a “star” at DB and among those who follow his work and with CEO Josef Ackermann’s contract expiring in 2013, many believe AJ should be named the successor. According to portfolio manager (and shareholder) Lutz Roehmeyer, “Mr. Jain deserves to run Deutsche Bank” and if you ask BlackRock’s Larry Fink, he’ll tell you “Anshu has done a fantastic job…He would make a very good chief executive at Deutsche.” Unfortunately, there are a few problems, not the least of them being Germany’s need to examine its motives.

“In Germany, no one can imagine an Indian working in London who does not speak German being the C.E.O. of Deutsche Bank,” said Roehmeyer.

There’s also the matter of Ackermann seeing it as “his legacy to crown a successor in his own statesman-like mold — perhaps Axel A. Weber, the recently departed head of the German central bank” and the board being “wary of choosing a bond and derivatives technician at a time when the practices of all major banks are still being scrutinized.” Regardless, this is his time, this is his moment, and this is going to happen for AJ.

According to Fink, Jain would make a great CEO not just of DB but “any other top financial institution.” Don’t take that as a threat, just a fact. If Ackermann won’t pass the crown to Anshu, he’ll just have to find someone else who will.  “Anshu is the best non-CEO working at a major bank,” Robert Flohr a senior search executive at Heidrick & Struggles told the Times. “He is the prince. All he needs is a kingdom.”

Who’s got something available?

A Star Faces Barriers to Deutsche Bank’s Top Job [NYT]

42 comments (hidden to protect delicate sensibilities)
Show all comments ↓

Comments (42)

  1. Posted by Guest | June 14, 2011 at 11:03 PM

    Gentlemen overseas, please stay serious. Jain can drive cabs in Frankfurt but the one and only deserving the throne is Lippmann!

  2. Posted by Guest | June 14, 2011 at 11:09 PM

    kill yourself.

  3. Posted by Guest | June 14, 2011 at 11:13 PM

    you’re a douche.

  4. Posted by Bank of America | June 15, 2011 at 12:40 AM

    Last dance with Anshu Jain
    One more time to kill the pain

  5. Posted by FinkNottle | June 15, 2011 at 1:20 AM

    ‘Kinder statt Inder’

  6. Posted by Guest | June 15, 2011 at 1:39 AM

    Those German politicians and shareholders need to loosen up and embrace the new world. Jain has proven himself and I’m sure UBS, Citi, and maybe BAML will beat the door down to have him.

  7. Posted by Ghost of blimp pilot | June 15, 2011 at 1:52 AM

    If it doesn’t go through he’s at least got his Microsoft Architect certification to fall back on.

  8. Posted by HFguy | June 15, 2011 at 11:19 AM

    If the French were fine with Indian Mittal taking over their steel company Arcelor (not without a fight though which saw Sarkosy in the ring) .. I dont know what the Germans would like to see before they let Anshu run the bank. Profit doesnt see the colour of your skin. 

  9. Posted by Poornastybrutishandshort | June 15, 2011 at 12:26 PM

    I’ve known and worked with AJ at ML and DB from the early ’90s. He’s very smart, articulate, generally fair and has done an outstanding job. He understands risk well and supports intelligent investment in resources and businesses while cutting wood. He’s got two Achilles heels.. he’s a bit rough (not statesman like in approach) and -oddly-slightly insecure. Which manifests in berating or gratuitous demonstrations of mental horsepower. Edson on the other hand would say.. ‘you are supposed to be smarter than me, stop trying to prove it….’   Either way, he should get the job. He’d change DB and that’s what they fear…. to be frank, Edson’s plane crash was highly improbable… read the NTSB dbase account… the rate of descent, given the last radar contact and ATC communication and approach speed for a King Air suggests that the plane descended at about 4 thousand feet per minute for about 90 seconds.. pretty shocking and hard to explain….  There a funny video from ML circa 1993 of AJ made by the ISG Group. Every year for the offsite, we’d make several videos… In this one, shot in a large conference room on the ML 7th Floor WTC (off the debt trading floor), Joe A was having his weekly meeting. Everyone gives a brief update… then AJ starts to talk… then the video goes into time lapse… after an hour, only one out of 40 people remain in the room. An associate catching up on sleep, and AJ is still discussing the interesting convexity of a euro convergence trade etc…give him credit for a good sense of humor.. 

  10. Posted by history in the buff | June 15, 2011 at 1:49 PM

    Not a great argument considering France’s recent history of being taken over.

  11. Posted by VictoryIsMine | June 15, 2011 at 2:52 PM

    First the armbands at the Munich Re Prostie Fest and now this. I see a trend here…

    -Guy who sees trends here

  12. Posted by Dominique | June 15, 2011 at 10:03 PM

    Since Marquis de Sade frogs were fine being pervs. Money made out of money is only masturbation and Anju might be the kaiser of masturbation but Germans like real sex

  13. Posted by Jeff | June 16, 2011 at 3:54 PM

    if you want to prosper, best needs to get what they deserve. Other wise, they leave and take the prosperity with them.

  14. Posted by crork | September 9, 2012 at 9:00 PM

    lxaNTh I really enjoy the blog.Really looking forward to read more. Much obliged.

  15. Posted by stoffwechseldiaet | September 12, 2012 at 8:47 AM

    Major thanks for the post.Much thanks again. Much obliged.

  16. Posted by Bowtrol | September 12, 2012 at 12:22 PM

    I cannot thank you enough for the blog post.Thanks Again. Really Great.

  17. Posted by free cams | September 12, 2012 at 8:33 PM

    Thanks again for the blog article.Really looking forward to read more. Want more.

  18. Posted by imprenta mas barata online | September 13, 2012 at 3:04 AM

    Wow, great post.Thanks Again. Really Cool.

  19. Posted by diamant | September 14, 2012 at 5:16 PM

    I value the blog post.Really thank you! Really Cool.

  20. Posted by Self Defense | September 15, 2012 at 7:37 AM

    I value the blog.Really thank you! Awesome.

  21. Posted by joshua voiles bloom | September 17, 2012 at 7:13 AM

    Really enjoyed this post.Thanks Again. Will read on…

  22. Posted by biker clothing | September 17, 2012 at 8:53 AM

    Thanks so much for the blog post.Really looking forward to read more. Will read on…

  23. Posted by Work From No Home Review | September 17, 2012 at 10:37 AM

    Enjoyed every bit of your blog post.Really looking forward to read more. Cool.

  24. Posted by christian art gifts | September 17, 2012 at 12:00 PM

    I value the post.Much thanks again. Want more.

  25. Posted by dr. reena feider | September 17, 2012 at 12:25 PM

    Very informative blog article.Really thank you! Will read on…

  26. Posted by Majid Faris | September 18, 2012 at 5:51 AM

    Thank you ever so for you article post.Really thank you! Want more.

  27. Posted by growth hormone | September 18, 2012 at 7:36 AM

    A big thank you for your article post.Really thank you! Fantastic.

  28. Posted by Site | September 18, 2012 at 7:26 PM

    Thanks for sharing, this is a fantastic article post.Really looking forward to read more.

  29. Posted by bookmarking submission | September 20, 2012 at 8:39 PM

    8n8BER Hey, thanks for the blog article.Really thank you! Cool.

  30. Posted by widow dating | September 21, 2012 at 3:38 AM

    Really appreciate you sharing this article post.Really looking forward to read more. Awesome.

  31. Posted by london criminal solicitors | September 21, 2012 at 1:01 PM

    Really enjoyed this article post. Awesome.

  32. Posted by competition | September 22, 2012 at 9:11 AM

    Thank you for your article. Want more.

  33. Posted by vde 0113 | September 22, 2012 at 8:51 PM

    I really like and appreciate your blog article.Really thank you! Fantastic.

  34. Posted by term life insurance rates | September 22, 2012 at 10:40 PM

    Very neat post.Really looking forward to read more.

  35. Posted by build website | September 23, 2012 at 11:36 AM

    Thanks a lot for the post.Really thank you! Really Great.

  36. Posted by lida siparis | September 23, 2012 at 7:51 PM

    I must admit, the webmaster is a cool guy..!

  37. Posted by die cutting | September 24, 2012 at 2:31 AM

    Thanks for sharing, this is a fantastic article. Really Great.

  38. Posted by Alexander Mans | September 24, 2012 at 8:09 AM

    I am so grateful for your article post. Really Great.

  39. Posted by online incom | September 25, 2012 at 8:25 PM

    Thank you for your blog article.Really looking forward to read more. Really Great.

  40. Posted by instant hypnosis | September 25, 2012 at 11:15 PM

    Major thanks for the article post.Thanks Again. Cool.

  41. Posted by Peter Francis-Macrae | September 26, 2012 at 8:14 PM

    I am so grateful for your blog.Really looking forward to read more. Keep writing.

  42. Posted by adult porn | September 28, 2012 at 12:22 AM

    I really like and appreciate your blog post.Thanks Again. Awesome.