The lender saw its net income slump to 237 million euros last year from 4.13 billion euros in 2011 on costs to fire staff, raise capital and write down the value of assets that didn’t meet its expectations.
Krause, who was born in Colombia of German parents, spent more than 20 years working for German carmaker Bayerische Motoren Werke AG before moving to Deutsche Bank in 2008.
The CFO said that while he oversaw the Rolls Royce division at BMW, he wouldn’t want to own such an ultra-luxury car today given circumstances in the banking industry.
“Right now to drive around in a Rolls Royce in this industry would not be that popular,” Krause said. “I stayed loyal to BMW -- my company car -- and I have a 1973 BMW 3.0.”