Josef Ackermann | |
|---|---|
 Ackermann at the World Economic Forum annual meeting in 2012 | |
| Born | Josef Meinrad Ackermann 7 February 1948 Walenstadt, Canton of St. Gallen, Switzerland |
| Alma mater | University of St. Gallen |
| Occupation | Banker |
| Employers |
|
Josef Meinrad Ackermann (born 7 February 1948) is a Swiss banker, former Chairman of the Bank of Cyprus, and former chief executive officer of Deutsche Bank. He has also been a member of the Washington-based financial advisory body, the Group of Thirty.
He was born in Walenstadt, [1] Canton of St. Gallen, Switzerland, raised in Mels in a Catholic home, [2] and is a graduate of the University of St. Gallen (HSG). After studying economics and social sciences at the University of St. Gallen in Switzerland, [3] he continued his time there as a research assistant at the Department of Economics and went on to receive a doctorate in the subject.
After leaving university Ackermann went to work in 1977 for the Swiss multinational investment bank Credit Suisse, which he left in 1996. In the same year he joined the board of directors of the Deutsche Bank in Frankfurt am Main. He served as chairman of the board from 2002 to 2012. In March 2019 the New York Times reported that Ackermann was aware of the business dealings between the New York branch of the bank and Donald Trump. [4]
Ackermann agreed at the end of 2009 to continue as chief executive of Deutsche Bank for another three years until 2013. [5] At the annual shareholder meeting in late May 2012, he "handed over the CEO baton" to co-CEOs Anshu Jain and Juergen Fitschen. [6]
According to the Financial Times Deutschland Ackerman earned €9.4 million in 2009 and €8.8 million in 2010. [7] His included bonus in 2009 was €8.2 million and €7.1 million in 2010. He is a member of the Steering Committee of the Bilderberg Group. [8]
Other positions held:
Days after retirement and on the eve of a conference call by G7 finance ministers and central bank governors on the continuing European debt crisis, Ackerman said in a speech to the Atlantic Council that "Germany will ultimately take whatever steps [are] necessary to keep the euro zone intact", according to one report. The country "is moving cautiously because it simply fears that countries on the European periphery will stop reform measures if they see that Berlin is going to guarantee everything", he continued. [13]
He was a non-executive director of Vodafone from 2000 to 2002.
In November 2014 he was elected as chairman of the board of directors of the Bank of Cyprus following the proposal of the new major shareholder of the bank Wilbur Ross, who later became the Commerce Secretary in the Trump Administration. [10]
He is married to Pirkko Mölsä.[ citation needed ]
Deutsche Bank AG, sometimes referred to simply as Deutsche, or internally as DB, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange.
The University of St. Gallen (HSG) is a research university located in St. Gallen, Switzerland, that specialises in business administration, economics, law, international affairs, and computer science. It was established in 1898. It consistently ranks as one of the best business schools in Europe. In 2022, it had 9,590 students, of which 3,757 were master's students and 584 were doctoral students.
Klaus-Christian Kleinfeld is the former chairman and chief executive officer (CEO) of Arconic. Kleinfeld is former chairman and CEO of Alcoa Inc., and former president and CEO of Siemens AG. Kleinfeld stepped down as chairman and CEO of Arconic on 17 April 2017. In October 2017, he was named director of Saudi Arabia's Neom initiative. It was announced in July 2018 that Kleinfeld would be promoted from director of Neom to advisor of Crown Prince Muhammad bin Salman on 1 August 2018, and that Nadhmi Al-Nasr would succeed him as director of Neom.
Axel Alfred Weber is a German economist, professor, and banker. He is currently a board member and chairman of Swiss investment bank and financial services company, UBS Group AG, and has announced his resignation effective 7 April 2022.
Joe Kaeser is a German manager who served as CEO of Siemens AG from 2013 to 2021.
Peter Robert Voser is a Swiss businessman, who is the chairman of the Swedish-Swiss company ABB. He was the CEO of the Dutch-British corporation Royal Dutch Shell from July 2009 to December 2013. He was interim CEO of ABB from April 2019 to February 2020. He started his career at Royal Dutch Shell in 1982, working in a number of finance and business roles in different countries. From 2002 to 2005 he was chief financial officer for ABB and Royal Dutch Shell. In 2004, he was appointed Royal Dutch Shell's chief financial officer (CFO) and then CEO in July 2009.
Marcus Ambrose Paul Agius is a British financier and former group chairman of Barclays.
The Bank of Cyprus (BoC) is a Cypriot financial services company established in 1899 with its headquarters in Strovolos.
Peter Löscher is an Austrian manager who was the CEO of Siemens from 2007 until 2013. As of 2017, Löscher remains as the only CEO to be hired from outside the conglomerate in the 170-year history of Siemens. Before joining Siemens, he worked as president for Global Human Health at global pharmaceutical company Merck & Co.
Ana Patricia Botín-Sanz de Sautuola O'Shea DBE is a Spanish banker who has served as the executive chairman of Santander Group since 2014.
Christoph Franz is a German engineer and manager who served as chief executive officer of Lufthansa from 2011 until 2014.
Ulrich Körner is a German-Swiss businessman. In March 2021, he was named CEO Asset Management of Credit Suisse until July 2022, when he was appointed CEO of Credit Suisse AG.
Marcus "Husky" Wallenberg is a Swedish banker and industrialist.
Paul M. Achleitner is an Austrian businessman who served as chairman of the supervisory board of Deutsche Bank from 2012 to 2022.
Jürgen Fitschen, sometimes rendered Juergen Fitschen in English, is a German banker who served as co-CEO of Deutsche Bank from 2012 to 2016. He served alongside Anshu Jain until 2015 and John Cryan from 2015. He was president of the Association of German Banks from 2013 to 2016.
The 2013 Bilderberg Conference took place June 6–9, 2013, at The Grove hotel in Watford, Hertfordshire, England. It was the first Bilderberg Group conference to be held in the United Kingdom since the 1998 meeting in Turnberry, Scotland.
The 2015 Bilderberg Conference took place between 11 and 14 June 2015 at the Interalpen-Hotel Tyrol in Telfs-Buchen, Austria. The hotel had previously held the Bilderberg Conference in 1988.
Carsten Kengeter is the former CEO of Deutsche Börse. He was the chief executive officer and Head of the management board of Deutsche Börse AG from June 1, 2015, to Jan 1, 2018.
Theodor Weimer is a German manager who served as CEO of Deutsche Börse AG from 2018 to 2024. Prior to that, he was spokesman of the management board of Unicredit Bank AG (Germany) – known under the brand name HypoVereinsbank – from January 2009 to the end of 2017 and in this capacity he was also a member of the executive management committee of Unicredit Group, Milan (Italy).
Media related to Josef Ackermann at Wikimedia Commons
| International | |
|---|---|
| National | |
| People | |
| Other | |
