CEO of Deutsche Bank AG, Josef Ackermann, attends the Euro Finance Week, a meeting of bankers and financial experts, in Frankfurt, central Germany, Monday Nov. 14, 2011. German lender Deutsche Bank ... more 
CEO of Deutsche Bank AG, Josef Ackermann, attends the Euro Finance Week, a meeting of bankers and financial experts, in Frankfurt, central Germany, Monday Nov. 14, 2011. German lender Deutsche Bank says its CEO Josef Ackermann won't seek to become chairman of its supervisory board next year after stepping down as the bank's leader. The company said Monday executive board member Paul Achleitner of German insurer Allianz SE has been nominated as a candidate instead. Ackermann will step down as previously announced after leading the bank for nine years in May 2012 following Deutsche Bank AG's shareholder meeting. Ackermann will be replaced next year by co-CEOs Anshu Jain, the Indian-born head of its investment bank division, and Juergen Fitschen, currently Deutsche Bank's head of regional management. (AP Photo/dapd/ Mario Vedder) less 
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Associated Press | Photo By dapd/ Mario Vedder
Mon, Nov 14, 2011 4:25 PM EST