Anshu Jain touted as next CEO of Deutsche Bank

BERLIN: Anshu Jain already captains Deutsche Bank's cricket team, and a boardroom reshuffle last week means that the Indian big-hitter is now seen as a prime candidate to be chief executive too.

Jain, 47, has just been appointed sole head of corporate and investment banking division, which accounts for the lion's share of group revenues and profits.

Previously Jain, who until recently owned a stake in the Mumbai Indians, the all-star Indian Premier League cricket team owned by the super-rich Mukesh Ambani, ran the division in tandem with Michael Cohrs, who is retiring.

He will run all Deutsche's sales and trading operations, including government and corporate bonds, commodities, emerging markets, equities, foreign exchange, money markets, interest rate and credit derivatives.

He is credited with having managed rapidly to re-organise his division post-crisis and get it back to making money.