Banks

A Bengal tiger for the German bank



On the coming week-end the nomination committee of the supervisory board of the German bank will meet a preliminary decision about the succession of Josef Ackermann. As sure is valid with the fact that the Indian Anshu Jain (nickname “Bengal tiger”) should become the next boss of the biggest bank of Germany. And this, although he is not mighty the German. Though it is spread that he learns diligently German, but up to now he reacts in keinster manner to the questions which are put to him into this language. So it is looked in privy circles as unavoidable to appoint the second chairman of the board to the point of the German bank.

Anshu Jain is 48 years old and extremely successfully as a boss of the department Investmentbanking of the German bank. Still he controls this business division which is valid as the most lucrative one of the German bank from London. In the current year the German bank counts on a surgical result before taxes at the rate of about 10 milliard euros. The Investmentbanking controlled by Anshu Jain with 7.4 milliard euros of nearly three quarters will contribute to it. The Indian successful banker stands since 1995 in the services of the German bank. At that time he came with his sponsor Edson Mitchell to the biggest loan institute of Germany. After Mitchell died in the end of 2000 in an accident tragically, Jain took over the responsibility for the foreign exchange and raw material trade. In 2004 followed loan and shares trade and last year, finally, the whole Investmentbanking.

Jain is known as a very pleasant and well-spoken business partner – as long as the conversations are carried on not in German. To compensate this deficiency a German native speaker will lead most probably the talents of the German bank beside Jain in future.