Frankfurt — Paul Achleitner’s nomination for a new term as Deutsche Bank chairman has split investors, with Qatar’s Sheikh Hamad bin Jassim al-Thani backing him but others reluctant to give their support, according to people with knowledge of the matter. His nomination, announced by the bank on Monday, is problematic because some investors consider he did too little to change the bank’s culture, aligning himself with former boss Anshu Jain and the investment bankers who many blame for Deutsche’s problems. During his four-year tenure at the bank, its stock price has more than halved, weighed down by a string of legal issues and fines running to billions of euros. But some investors consider that Achleitner’s departure would mean more uncertainty. "The bank needs stability," said one person familiar with the thinking of Sheikh Hamad bin Jassim al-Thani, who controls funds that have a combined stake of roughly 10%. "That is why Achleitner has his support." Two other major investors in ...
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