German lender Deutsche Bank is in search for a new head. Mr Anshu Jain seems to be the favored one by many stakeholders.

Jain is presently heading the investment banking division of the bank which happens to be its most profitable division.

Sources say that, "Ackermann appears increasingly opposed to the idea that the next CEO should be Jain - the favourite of many shareholders."

Josef Ackermann is the present chief of the bank. Ackermann's contract with the lender ends in the year 2013.