Subject category:
Strategy and General Management
Published by:
IBS Case Development Center
Length: 13 pages
Data source: Published sources
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https://casecent.re/p/54607
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Abstract
Josef Ackermann, the Chief Executive of Deutsche Bank, had set a high target of a 25% return on equity in 2005 in order to transform his institution into one of the best banks in the world. Despite the bank''s failed mergers with Citigroup, Germany''s Postbank and Credit Suisse First Boston and its stock plunging by 6.9% in 2004, Ackermann was confident that the bank would be able to deliver its set targets. The case focuses on Ackermann?s restructuring initiatives in his bid to transform Deutsche Bank into the best in the world.
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Abstract
Josef Ackermann, the Chief Executive of Deutsche Bank, had set a high target of a 25% return on equity in 2005 in order to transform his institution into one of the best banks in the world. Despite the bank''s failed mergers with Citigroup, Germany''s Postbank and Credit Suisse First Boston and its stock plunging by 6.9% in 2004, Ackermann was confident that the bank would be able to deliver its set targets. The case focuses on Ackermann?s restructuring initiatives in his bid to transform Deutsche Bank into the best in the world.