Deutsche Bank New Chief In May

He is to be succeeded by Mr Rolf Breuer, a fellow director. Analysts welcomed this as positive news for the bank. In the seven years in which Mr Kopper has been its senior executive, the bank has suffered in a series of scandals at leading German companies with which it has close links. Mr Kopper, 61, is credited with efforts to raise the banks profitability to levels closer to European rivals, while overseeing an expansion in international investment banking through its London arm, Deutsche Morgan Grenfell. However, the image of both Mr Kopper and the bank was dented when in 1994 he used the word peanuts to describe the DM50m ($33m) trade debts in the J