Dr. Josef Ackermann is Chairman of the Management Board and the Group Executive Committee of Deutsche Bank. ...
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Dr. Josef Ackermann is Chairman of the Management Board and the Group Executive Committee of Deutsche Bank.
He studied Economics and Social Sciences at the University of St. Gallen, and in 1977 - after obtaining his doctorate - he joined Schweizerische Kreditanstalt (SKA). In 1990, Ackermann was appointed to the Executive Board of SKA, becoming its President in 1993.
In 1996, Ackermann joined the Board of Managing Directors of Deutsche Bank, where he was responsible for the investment banking division. In 2002, he became Spokesman of the Board of Managing Directors and Chairman of the Group Executive Committee. He was appointed Chairman of the Management Board on February 1, 2006. Under his leadership, the investment banking business became one of Deutsche Bank's principal sources of revenue, joining the top tier of global investment banks within a few years. From 2006 onwards, he pursued the expansion of 'stable' businesses through targeted acquisitions and investments. In September 2008, Ackermann made the key decision to further strengthen Deutsche Bank's Private & Business Clients business by taking a stake in Postbank with the option to buy the company.
Ackermann is a member of the Supervisory Board of Siemens AG, of Royal Dutch Shell plc and of the International Advisory Council of Zurich Financial Services Group. He also plays an active role in, among other things, the Initiative Finanzstandort Deutschland (member of the Initiators' Group), the Institute of International Finance (Chairman of the Board), the World Economic Forum (Vice-Chairman of the Foundation Board), the St. Gallen Foundation for International Studies (Chairman) and the Metropolitan Opera New York (Advisory Director). Since 2007, Ackermann has been a Visiting Professor in Finance at the London School of Economics. In 2008, he was named Honorary Professor at Frankfurt's Johann Wolfgang Goethe University and was appointed to the Honorary Senate of the Lindau Meetings of Nobel Laureates.
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