Deutsche’s Jain underlines organic growth plans

Deutsche Bank is hailing its asset and wealth management division as potentially its most important business, having failed to sell the latter part only last year. The German bank’s co-chief executives, Anshu Jain and Jurgen Fitschen, conducted a strategic review of businesses after being jointly appointed last year and last June the decision was made to combine its asset and wealth management units. The integrated unit has subsequently been restructured and is headed by Michele…