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Deutsche Bank’s Jain Follows Ackerman to IIF Board Role

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Aug. 20 (Bloomberg) -- Deutsche Bank AG’s co-Chief Executive Officer Anshu Jain joined the board of directors of the Institute of International Finance, which represents more than 450 financial companies.

Jain’s appointment to the Washington-based organization’s board was announced in an e-mailed statement from the IIF today.

Josef Ackermann, 64, was Deutsche Bank’s CEO before handing over control to Jain, 49, and Juergen Fitschen, 63, at the end of May. Ackermann also served as chairman of the IIF before ceding the post to HSBC Holdings Plc Chairman Douglas Flint in June.

The IIF, founded 29 years ago, played a key role in helping to negotiate a restructuring of Greece’s debt this year as Charles Dallara, IIF’s managing director, led negotiations on behalf of bondholders. Dallara said in June he intends to resign.

Deutsche Bank, based in Frankfurt, is Germany’s biggest bank.

To contact the reporter on this story: Christine Harper in New York at charper@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net.

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