| By Poorna Harjani |
Deutsche Bank’s corporate and investment banking division, headed by Anshu Jain and his newly formed executive committee of 15 members, has recorded second-quarter net revenues of €4.7 billion, compared with €5.3 billion in the second quarter of 2009. Total group net income for the period was €1.2 billion.
After Jain had spent six years as co-head with Michael Cohrs, Cohrs stepped down, leaving Jain to be named the sole head for Deutsche’s corporate and investment banking division.
Jain’s experience has always been in the markets division of Deutsche.
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