The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Sideways: Some Deutsche Bank veterans are doing fine

Deutsche employees who have recently been fired or face the axe will no doubt take comfort in the successes of fellow alumni such as Sajid Javid.

Sajid Javid_2019_780
Britain's Home Secretary Sajid Javid arrives at Downing Street, in London, Britain July 24, 2019. REUTERS/Hannah McKay - RC1A65999550
Hannah Mckay/REUTERS

On the same day as Deutsche announced a hefty quarterly loss of €3.1 billion, former employee Sajid Javid was promoted to Chancellor of the Exchequer in the UK

The lesson for the 18,000 Deutsche staff who are expected to lose their jobs in the current restructuring may be that some creative rewriting of their employment history is in order.

Erstwhile colleagues of Javid have noted before how he repositioned himself as a conventional investment banker, rather than highlighting his main role at Deutsche as a credit derivatives structurer with a senior role in a group that developed a reputation for controversial deal-making.

Javid is careful in his current government profile to avoid any demonstrable inaccuracies. He is too sharp to fall into the same trap as fellow minister Andrea Leadsom (the new UK business secretary), who was forced to “revise” her CV while making an ill-starred bid for the Conservative Party leadership in 2016, after she was accused of exaggerating her roles at Barclays and Invesco.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree