Stefan Jentzsch has unveiled his first targets for Dresdner Kleinwort Wasserstein since joining as head of corporate and investment banking five months ago. He plans to double annual operating revenues to €4bn ($5bn) within the next five years.

Jentzsch, who has been reviewing the corporate and investment banking business since the start of the year as part of a move to combine the German bank's corporate clients and investment banking units, announced the targets in an internal meeting, according to German daily newspaper Handelsblatt, citing sources close to the bank.