Deutsche Bank is creating a new advisory body led by its former chairman | Techy Kings


  • Former Deutsche Bank chairman Paul Achleitner to oversee the committee
  • Other members include former US Secretary of State Kissinger
  • Including the former CEO of Google and PepsiCo

FRANKFURT, Nov 1 (Reuters) – Deutsche Bank ( DBKGn.DE ) has created a new body to advise its top management to be overseen by the German lender’s former chairman Paul Achleitner, the bank said on Tuesday.

Other members of the six-person “global advisory board” include former US Secretary of State Henry Kissinger, former Google ( GOOGL.O ) chief executive Eric Schmidt and former PepsiCo ( PEP.O ) chairman and CEO Indra Nooyi.

The bank said the purpose of the group was to “advise the management board on fundamental macroeconomic, geopolitical and technological developments that have a significant impact on the bank’s operating environment”.

The group met on Tuesday in New York for the first time and will formally convene twice a year, although they are available for consultation between meetings.

Achleitner, whose 10-year reign as chairman of the supervisory board ended earlier this year, said the adviser would “develop ideas and recommendations” on navigating the economic environment, managing risks and seizing opportunities.

Reporting by Tom Sims Editing by Paul Carrel

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