2024-05-24 07:29:22
He spent virtually his complete profession at Deutsche Financial institution: Now the previous CEO Rolf Breuer has handed away.
The previous CEO of Deutsche Financial institution, Rolf Breuer, has died. The previous spokesman for the board of administrators and chairman of the supervisory board died on Wednesday on the age of 86 after an extended sickness surrounded by his household, Deutsche Financial institution introduced on Thursday in Frankfurt.
Breuer spent virtually his complete skilled life at Deutsche Financial institution. Throughout his time as CEO of the financial institution from Could 1997 to Could 2002, he drove the internationalization of the group and expanded the capital market enterprise. Breuer then headed the supervisory board of Germany’s largest financial institution for 4 years.
Chairman of the Supervisory Board praises community and experience
The present Chairman of the Supervisory Board, Alexander Wynaendts, praised Breuer’s achievements: With the takeover of the US financial institution Bankers Belief, he made a big contribution “to making sure that Deutsche Financial institution can now help its clients worldwide in all monetary issues and has the worldwide community and experience obligatory to take action.” With Rolf-Ernst Breuer, Deutsche Financial institution is shedding one among its most influential personalities.
Breuer’s time in workplace was not with out turbulence, nonetheless. The then head of Deutsche Financial institution spoke only a few sentences right into a reporter’s microphone at the start of 2002. Within the quick dialog with Bloomberg TV, which was printed on February 4, 2002, Breuer questioned Leo Kirch’s creditworthiness. His media group went below shortly afterwards. All through his life, Kirch blamed Breuer and Deutsche Financial institution for this. It was solely years later that the financial institution agreed on a multi-million greenback settlement with Kirch’s heirs.