Deutsche Bank AG, hours before its annual investor meeting, gave co-chief executive officer Anshu Jain direct oversight of strategy after last month’s overhaul to boost returns failed to win over investors. Jain takes over the strategy and organizational development unit that had reported to Stefan Krause, the Frankfurt-based bank said late Wednesday in a statement. Krause, who is also stepping down as chief financial officer, will assume responsibility of the global transaction banking business from Jain and the non-core operations unit from co-CEO Juergen Fitschen.
Read Livemint's full report here
Read full story