Lunchtime Links: FICC flagged as the best place to find Anshu Jain's replacement

Now that Anshu Jain has been officially ordained as the new co-chief executive of Deutsche Bank once Josef Ackermann departs in May 2012, talk has turned to who will fill his rather large shoes.

A successor is unlikely to be announced until next year. However, fixed income, currencies and commodities (FICC) is Deutsche Bank's largest division, which means (in a rare piece of good news for the sector) that Jain's replacement is likely to come from there.

So far, according to both Bloomberg and the Wall Street Journal, there are currently five clear candidates.

They are: Colin Fan, head of credit trading and emerging markets; Michele Faissola, head of rates and commodities; Alan Cloete, head of global finance and foreign exchange; Rich Herman, head of the institutional client group, and Stephan Leithner, head of corporate finance (who is Austrian, not German, BTW).

There you have it; not a German person among the candidates, you might note. Whoever takes over will have a lot of pressure to perform - the investment bank posted record revenue of €20.9bn last year, or 73% of the group's total.

Standard Chartered is hiring 2,000 people this year; largely front office roles in its consumer division (Financial Times)

UBS's threat to retract from London if HQ development was turned down (Financial Times)

BofA Merrill has stepped up its corporate and investment banking integration with new recruit (Financial News)

Give us back your €1m cash bonus....and your €11.5k watch (Times)

Global custodians are doing rather well (Financial News)

Lloyds Banking Group has posted a 3.25bn loss thanks to PPI provisions (Telegraph)

Jefferies has poached an industrials banker from UBS (Bloomberg)