Wanted: Bank Bosses to Rebuild Trust as Jain Exit Caps Shift
Former CFO of UBS AG, John Cryan. Photographer: Gianluca Colla/Bloomberg
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The departure of Anshu Jain and Brady Dougan this week from Deutsche Bank AG and Credit Suisse Group AG marks the passing of an era when trading profits paved the way to the top job at Europe’s largest banks.
Nowadays, with regulatory demands escalating and record-low interest rates curbing profits, a rapport with rulemakers and investors is often prized above trading prowess in the hunt for a chief executive officer.