Cerberus Capital Management and Hudson Executive Capital have been. They both have amassed stakes of around 3%, amounting to investments in the hundreds of millions of dollars. Significant shareholders also include the Qatari royal family and BlackRock.
"My investment is based on my belief that Deutsche Bank now has the right guy in the right job at the right time," Doug Braunstein, head of Hudson Executive Capital and former JPMorgan CFO,."Christian has a background and a reputation, and a very good one, as saying something and doing what he says and hitting what he says."
Meanwhile, Cerberus has been stepping up its involvement in the bank's operations, with the private-equity giant now acting as a paid adviser to Deutsche Bank alongside its roles as an investor and banking client. The Wall Street Journal says that Matt Zames, former JPMorgan COO and current president of Cerberus, nowand has been pushing the bank to invest its cash reserves more aggressively.
"Although management is doing all the right things in terms of what is in their control and we recognize this turnaround is difficult," said JPMorgan analyst Kian Abouhossein in a February 1 note. "The big question is on revenues in our view where it is not clear that the CIB franchise is turning around as of yet."
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