• 31 May 2012 at 6:02 PM

Germans Still Not So Sure About This Anshu Jain Guy

Tomorrow morning, Anshu Jain will start his new job as co-CEO of Deutsche Bank. Despite having previously overseen operations that produce 90 percent of the firm’s profits in any given quarter, sitting on the management committee, and generally being considered a “star” both within the company and among those who follow his work, chief executive officer is a title no one thought AJ would be given if he remained at DB, because 1) people back in Germany don’t like that he’s an investment banker and 2) “In Germany, no one can imagine an Indian working in London who does not speak German being CEO of Deutsche Bank.” To the haters’ chagrin, though, that’s exactly what’s about to happen. And if they want to continue bitching about it, they can be Jain’s guest– their insults go in one ear and out the other.

“There’s always so much noise in Frankfurt about the investment bank versus” the traditional German lending business, says Christopher Wheeler, a London-based analyst with Mediobanca. “They’re constantly saying, ‘Here’s a fancy Indian investment banker who is guilty of lots of terrible things.’” Der Spiegel, the country’s best-selling weekly magazine, ran a 12-page cover story earlier this year laying much of the blame for Deutsche Bank’s troubles at Mr. Jain’s feet…While Mr. Jain has taken German lessons, he doesn’t speak the language.

Jain Takes The Reigns At Deutsche [WSJ]

Comments (64)

  1. Posted by CarriedInterest | May 31, 2012 at 6:13 PM

    Well, his name doesn't begin with "Raj" so I think that's a good first step.

    -DB Shareholders

  2. Posted by guest | May 31, 2012 at 9:36 PM

    Casual racist says what?

  3. Posted by guest | May 31, 2012 at 9:37 PM

    la la la can't hear you!

    -AJ to hater krauts

  4. Posted by Natl_Geographic_Expl | May 31, 2012 at 11:45 PM

    Well, if it's not an Indian living in London, it would have to be a Persian / Arab living in London… Who else lives in London? Russian hookers?

    F*&ing racists.

  5. Posted by HFguy | June 1, 2012 at 6:09 AM

    “In Germany, no one can imagine an Indian working in London who does not speak German being CEO of Deutsche Bank.”

    - i feel sorry for the germans, since they donot have a pleasent history to look back upon, they try harder to hold onto present things but in this global world, it is like holding onto a fistful of sand. the harder you grip, the more it slips away.

  6. Posted by Guest | June 1, 2012 at 6:24 AM

    About that last thing you said, lubrication is everything you know. Anyway, I like your style. Call me, we need more people like you at the 'office'.

    - Lynn Tilton

  7. Posted by guest | June 1, 2012 at 9:15 AM

    Yup.

  8. Posted by Guest | June 1, 2012 at 9:35 AM

    Is now not a good time to mention that I'm converting to Judaism?

    – A. Jain

  9. Posted by B Iteme | June 1, 2012 at 9:54 AM

    HFguy used "fistful" and "harder" in the same comment.

  10. Posted by im_new_here | June 1, 2012 at 12:25 PM

    If there's one thing the Germans are expert on, it's being guilty of lots of terrible things.

  11. Posted by Concerned German | June 1, 2012 at 1:29 PM

    Could he at least grow a little mustache, maybe just under his nose?

  12. Posted by 5m BCE | June 2, 2012 at 12:01 AM

    If you look far back enough he's really an African, just like all you Germans.

    - Know-it-all

  13. Posted by guest | June 13, 2012 at 4:05 AM

    Dear friend,

    since when does Germany not have a pleasant history to look upon ? I have to assume that your knowledge of historical facts is quite limited and biased py post war propaganda. What people is there, that is in a position to say, that they are ' sorry for the Germans ' ? You' ve got to be kidding. Germany has it all, including honesty and loyalty – and, obviously, your envy.

  14. Posted by guest | June 13, 2012 at 4:08 AM

    No, not at all. You do not understand a bit of the German courage, culture and ability.
    The fact that we have lost two wars, yes. Difficult to overcome. But what people are you from and
    what do you have to show for ?
    According to your comment – ignorance.

  15. Posted by guest | June 13, 2012 at 4:16 AM

    http://en.wikipedia.org/wiki/Jainism

    Eh – something wrong with the symbol of Jainism – at least you cannot display that in the Deutsche Bank in Frankfurt.

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