Jain Takes the Reins at Deutsche


BY LAURA STEVENS

LONDON—Deutsche Bank AG is about to experience culture shock.

Anshu Jain—born in India, educated in the U.S. and in recent years the London-based head of investment banking—will take the helm Friday at Germany's largest bank as co-CEO alongside Jürgen Fitschen.

Though the two men will share power, many Deutsche Bank insiders predict Mr. Jain will dominate—and move quickly to shake things up.

Mr. Jain, 49 years old, played a central role in building Deutsche Bank's investment-banking business over nearly two decades as it reached beyond its commercial-banking roots. Investment banking now generates about 70% of the overall bank's profits most ...