Jens Hardekopf, a 20-plus year veteran of Deutsche Bank, takes change in his stride. That is just as well given the scale of change taking place at the German bank under new co-chief executive John Cryan, who in October announced a shake-up of the top management team and the bank’s divisional structure.

Speaking to Financial News just hours later, Hardekopf said with a laugh that he had learnt the best approach during times of upheaval was to focus on the day job - "keep your head down, keep seeing clients".