Former Blakes lawyer to become Deutsche Bank co-excutive
Thursday, 8 March 2012
A former Blake Dawson (now Ashurst) lawyer is rumoured to be the next co-executive of Deutsche Bank, reports Reuters.
As part of a shakeup of the senior management at the bank, Australian Robert Rankin is rumoured to be in line for the position along with fellow senior colleague Colin Fan. Both men would replace Anshu Jain who, along with Jürgen Fitschen, is set to replace chief executive Josef Ackermann when he steps down in May.
Rankin is currently head of Deutsche Bank Asia Pacific operations and has helped the bank secure roles in the landmark AIA and Agricultural Bank of China initial public offerings. He began his career as a securities and M&A lawyer in Sydney at Blake Dawson, before joining UBS in Hong Kong as head of Asia Pacific telecommunications, media and technology in 2000. He then joined Deutsche Bank in 2009 when he replaced Scotsman Colin Grassie, who became chief executive officer for the UK.