The dispute over the private customer ?: Neske leaves the German Bank – n-tv.de NEWS

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 Tuesday, May 19, 2015

 
 
 

 
 Personal quake at Germany’s largest financial institution: The head of Deutsche Bank Private Clients is apparently nearing separation from his employer. Observers puzzle: Is strategic realignment of release ?
 

 
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A few days before the major shareholders’ meeting, the German bank with spectacular rumors confronted: The private client head of Deutsche Bank, Rainer Neske will reportedly leave Germany’s biggest money home. ” / p>

Between him and the leadership to Anshu Jain, there have recently given differences in strategic issues of the Bank, it is consistent in contributions by “Handelsblatt” and “mirror”. Accordingly Neske wool given the advocated by Jain and Jürgen Fitschen Co-Chief Strategy “plunk”. A spokesman for the bank declined to comment on the reports. The 50-year-old bank manager Neske is since 2009 member of the board.

The Change of Personnel is for information from the environment of the Bank are finally discuss on Wednesday the board. According to reports, bank and private client boss have not agreed on the financial terms of the separation. As a possible Christian Ricken was talking, they say. Ricken belonged to the extended board and had been second man behind Neske private and business customers.

The debate about the disposal of a prominent leadership figure captured the Dax Group a few days before the annual shareholders’ meeting. The shareholders’ meeting is the next Thursday (21st) set.

London and New York to Frankfurt?

The dispute between Neske and the two co-heads of Jain and Fitschen had According to insiders, already signed. The conflict stand “for the divisions between the mainly in London and New York-based investment bankers and the principles enshrined in Frankfurt retail and corporate banking managers”, says the report of the “mirror”. In the discussion about the right strategy for the German bank and meeting the many scandals these ditches were for ever become more visible in recent months.

In the debate about the new strategy of the Bank is considered a great Neske losers of the reorganization. The German bank had in late April its highly anticipated “2020″ presented. In the end it did not come to the internally for a long time intensively discussed decomposition into a retail and an investment bank, but to the “small” solution: Only Postbank is sold – preferably via an IPO

14 million customers less.

In this way, should the balance sheet of Deutsche Bank are significantly slimmer in one fell swoop. The Group’s management expects this to an advantage. For Neske but makes a big difference. In a separation it would have to hope for the top job of a large private client institution in the form of a new monetary house of Postbank and the German Bank branches.

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Now that Postbank will be independent again, he loses in one fell swoop 14 million customers, 15,000 employees and nearly 50 billion euros in savings. And the remaining so-called “blue” branches of the parent company are to be slashed neatly, as the bank announced. From Neskes area so much less is left, while the investment bankers of the Group continue to gain weight. But

Those who know the house reported for some time of tensions between Neske and Co-CEO Anshu Jain. Neske was isolated on the board before the strategy decision, because he had never presented to Jains believe a compelling vision for the retail customers. Jain complained at the strategy presentation also unusually open, that the integration of Postbank has lagged in the German Bank Group in recent years to meet expectations. The Bonn Institute belongs since 2010 mainly to industry leader.

  Source: n-tv.de
 

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