Deutsche sketches out restructuring

摘要

Anshu Jain and Jurgen Fitschen's plans to reduce assets at deutsche bank's investment bank by nearly a quarter, at the same time as repositioning its business and geographic mix, look highly ambitious to execute, according to experienced bankers who have gone through similar processes. "It's hard to cut a market-leading franchise, especially one you've had a big hand in building," one senior FIG banker told IFR. "It's been easier for other banks that have cut areas where they have not been so strong." At last week's strategy day Deutsche became the latest major European player, after UBS, RBS and Barclays, to admit new regulations had forced it to curtail its investment banking business, alongside a well-flagged move to spin off Postbank - the retail unit acquired just five years ago.