April 26, 2006 3:00 am

Observer: Starstruck

Investment banking is as susceptible to celebrity as any other business. The man turning heads in Germany now is Stefan Jentzsch.

The square-jawed head of corporate and investment banking at Dresdner Bank has been throwing his weight about in his own backyard for a while.

He pushed aside Andrew Pisker to get the job and wasted little time installing his own man as head of capital markets, squeezing out Steve Bellotti in the process.

Yesterday, he edged out bigger fry. Shortly before 10.30am, the great and the good of German banking and finance were queuing humbly to negotiate the rigorous security scanning at the city's rococo Konzerthaus.

Observer's man in the scrum was lodged between Josef Ackermann, chief executive of Deutsche Bank, and Hans Eichel, former finance minister, as everyone edged towards the scanners.

But Jentzsch strode confidently through the crowd and was waved through ahead of them. Is Ackermann, who could be in court again in the Mannesmann retrial by the summer, now on a par with Eichel, already yesterday's man?

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