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The Most Aggressive 39 Year Old At Deutsche Bank

by news.efinancialcareers.com posted 1month ago 16 views
“Under-promise, then over-deliver” is usually a pretty good rule to follow in a banking career. For Stefan Hoops, though, the rule being followed seems to be more like “over-promise massively, in an interview with the Financial Times”. The 39 year-old head of Deutsche Bank’s transaction banking business seems to be saying not only that he will be able to keep revenue losses under control in the event of a merger with Commerzbank, but that there will be none at all. This is pretty ambitious stuff. Most bank mergers, particularly in corporate and investment banking, tend to create “negative synergies”.

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