Wanted - Top Firm Seeks Older Women, Boss Accused Of 'Chickening Out'

A Chicken

There's nothing like a (more mature) dame.

Reuters reports that Deutsche Bank is on the lookout for mature, tech-savvy women who it thinks will be better team players to help change its corporate culture and rebuild its reputation in the wake of the financial crisis.

The bank is being forced to rethink the way it does business after short-term bonus incentives led to risky deals which hurt profits. Deutsche is also being probed by regulators over possible rigging of the Libor benchmark international lending rate and for the way it sold toxic assets to investors.

'You could say having trustworthy bankers is enough to rebuild trust in the banking industry', said Stephan Leithner, the bank's Head of Human Resources and Compliance. 'It is not enough. In future you need to have other qualities'.

'Let me be provocative: The banker of the future will be more female, more international, older, more team oriented and more mobile, and needs to enjoy working with technology', Leithner told a seminar for young high-potential bankers in Frankfurt earlier this week.

In the meantime, the news agency also reports that German politicians accused Deutsche Bank's co-CEO Anshu Jain of 'chickening out', after the bank decided to send his Chief Compliance Officer in his place to a parliamentary hearing on Libor manipulation next week.

Politicians from the Social Democrats and Greens attacked the decision not to send Jain, an Indian-born banker who became co-head of Deutsche in June, to a November 28th finance committee hearing.

'Mr. Jain is chickening out', said Green party politician Gerhard Schick, calling the decision not to attend 'unacceptable'.

Deutsche Bank seeks older women to change culture, improve reputation

Deutsche Bank chief criticised for skipping Libor hearing

 

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