Jain Profits Meet Deutsche Bank Pride, Provoke Clash

On a wall facing Anshu Jain's desk on the third floor of Deutsche Bank AG's London building is a framed photograph of Edson Mitchell, who was running the bank's debt and equity businesses when he died in a plane crash in 2000. Jain, who had followed Mitchell to Deutsche Bank from Merrill Lynch & Co. in 1995, recalls how the investment bankers led by Mitchell reacted after his death.

``We were instantly united by what had happened and a desire to prove the world wrong,'' Jain, 42, says. ``Very quickly, there was the `Edson's gone; Deutsche's going to fall apart' story, which was out there.''