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This is an archive article published on June 1, 2012

Ackermann makes way for Anshu Jain

Deutsche Bank chief Josef Ackermann officially stepped down on Thursday,ending a decade-long reign as head of Deutsche Bank,Germanys biggest bank

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Deutsche Bank chief Josef Ackermann officially stepped down on Thursday,ending a decade-long reign as head of Deutsche Bank,Germanys biggest bank.

At the end of Deutsche Banks annual shareholder meeting at Frankfurts huge Messehalle exhibition hall,Swiss-born Ackermann,64,hands over the reins to his two successors,Anshu Jain and Juergen Fitschen.

Investment banker Jain is a 49-year-old British citizen of Indian origin while Fitschen,63,is German.

 

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