Joachim Häger worked at Deutsche Bank for nearly three decades, most recently as head of private wealth management in Germany. But this year the 53-year-old decided to move to the executive board of the smaller BHF Bank.
It is no easy task: Mr. Häger must steer the Frankfurt-based bank to calmer waters after its takeover by the private French bank Oddo. In a bitter battle against a Chinese international conglomerate and investment company, Philippe Oddo finally clinched the deal for BHF in 2015 for €725 million, or $811 million.
Mr. Oddo is the fourth owner since 2004 at BHF, where a bitter leadership struggle has driven away important clients and employees. Now new management is attempting to spread an optimistic mood of change.