He was supposed to work alongside Josef Ackermann, a former Credit Suisse chief executive.
Speaking at a gathering of bank bosses in Frankfurt, Josef Ackermann said he was "stating the obvious".
Despite a muted second quarter Deutsche Bank shares remained positive as succession questions around CEO Josef Ackermann were answered yesterday.
FORBES: Net Income Inches Up At Deutsche Bank As New CEOs Are Named
For the first time in the company's history, Chief Executive Josef Ackermann's pay has been disclosed, in its 2002 annual report.
That was the warning from one of the biggest figures in global banking - Josef Ackermann, chief executive of the huge Deutsche Bank.
In other European bank news, Deutsche Bank CEO Josef Ackermann brings home the reason behind the debate for gender parity in the workplace.
At Deutsche Bank's annual meeting in May, investors similarly castigated management for failing to provide a clear succession plan for the bank's chief executive, Josef Ackermann.
The bank's plan to issue 308.6 million new common shares was aimed at "strengthening the bank's equity capital in light of expected regulatory changes, " Chief Executive Josef Ackermann said.
The latest comes from Deutsche Bank CEO Josef Ackermann who told Bloomberg that private entities like hedge funds pose a systemic risk to the economy if lax oversight persists.
"They said they wouldn't raise equity, but they did, " he said, adding that both former CEO Josef Ackermann and Mr. Jain had expressed concerns about diluting shareholders in the past.
And Deutsche's chief executive, Josef Ackermann, has been on trial, accused of a breach of trust in awarding huge bonuses to top managers after the controversial takeover by Vodafone of Mannesmann.
On the morning of the day the deal collapsed, he spoke to Josef Ackermann, Deutsche's board member in charge of investment banking, who conveyed the news to Edson Mitchell, the head of Deutsche's global markets business.
The chancellor struggled to rein in speculation about an imminent bailout one Friday in late February, when the head of Germany's biggest bank, Deutsche Bank Chief Executive Josef Ackermann, mysteriously appeared in Athens for consultations with Greek leaders.
In June 2002 we swam against the popular current to suggest that Deutsche Bank Chief Josef Ackermann look to bolster his home market by restructuring the firm and cast aside some of the expensive global "Wall Street" ambitions.
On February 17th, it emerged that the spokesman of its management board, Josef Ackermann, had been charged, with five others, in connection with the takeover of Mannesmann, a German conglomerate, by Britain's Vodafone in 2000 (see article).
ECONOMIST: There is no quick way out of the quagmire for Germany's banks
应用推荐