- The Management Board has appointed six highly respected business leaders, academics and politicians as founding members
- Paul Achleitner appointed new Chairman of the Global Advisory Board
- Inaugural meeting today in New York
Deutsche Bank’s Management Board has created a new Global Advisory Board comprising business, academic and political experts, whose task is to advise the Management Board on fundamental macroeconomic, geopolitical and technological developments that have a significant impact on the bank’s operating environment.
The Management Board has appointed Paul Achleitner, former Chairman of the bank’s Supervisory Board, as the founding Chairman of the Global Advisory Board. Other members are:
- Henry Kissinger, former US Secretary of State
- Eric Schmidt, former CEO of Google and Executive Chairman of Alphabet
- Indra Nooyi, member of Amazon’s Board of Directors, member of Philips’ Supervisory Board, former Chairman and CEO of PepsiCo
- Rafael Reif, President of the Massachusetts Institute of Technology (MIT)
- Jim Hagemann Snabe, Chairman of the Supervisory Board of Siemens, former CEO of SAP
The Global Advisory Board met for the first time today in New York. In the future, there will be two official meetings each year. Advisory Board members are also available to the Management Board with their advice between meetings. Regular guests at Advisory Board meetings are Deutsche Bank Supervisory Board Chairman Alexander Wynaendts, CEO Christian Sewing and Chief Economist David Folkerts-Landau.
“In a rapidly changing world, it is extremely important, especially for global financial institutions, to identify social, technological and geopolitical developments at an early stage in order to draw the right conclusions for our bank and its customers,” said Alexander Wynaendts.
“I am delighted that we have been able to recruit six experienced business representatives, politicians and academics to our new Global Advisory Board,” added Christian Sewing. “Their views will help us, as Global Hausbank, to be an important partner for our customers in the issues of the future.”
Paul Achleitner, Chairman of the Global Advisory Board, said: “Economic activity is shaped more than ever by the technological revolution of our time. Added to this are the historic challenges of geopolitical tensions and a changing view of globalization. The Advisory Board will develop ideas and recommendations on how banks and their customers can navigating this environment, managing risks and seizing opportunities that arise.”