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Leonhard Fischer, head of asset management, will oversee investment banking, the main source of profits.
"The direction is positive," said Nathalie Pelras, head of asset management at Richelieu Finance in Paris.
It's given people time to think about alternatives," said Kevin Parker, global head of asset management for Deutsche Bank Group.
Rogers retired from Target in 2001 and was succeeded as the head of asset protection by Brad Brekke.
Shakeel Sarwar, head of asset management at Sico Investment Bank, described the request for a debt standstill as "shocking".
"There was no sort of sense of strategy," said Eugene Kiernan, head of asset allocation at Irish Life Investment Managers.
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Rod Dubitsky, head of asset-backed securities research at Credit Suisse.
"The wave on the prime side has lagged the wave on the subprime side," said Rod Dubitsky, head of asset-backed research at Credit Suisse.
"A lot of risk in the subprime asset-backed market is embedded in, and amplified by, C.D.O.'s," said Rod Dubitsky, head of asset-backed research at Credit Suisse.
Greg Lippmann, a mortgage trader who made his name with big bets on a housing bust, formally stepped down as Deutsche Bank's global head of asset-backed securities trading on Tuesday, the company said.
"I guess we are a bit surprised at how fast this has unraveled," said Tom Zimmerman, head of asset-backed securities research at UBS, in a recent conference call with investors.
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