• The board named six highly respected business leaders, academics and politicians as founding members
  • Paul Achleitner appointed chair of new Global Advisory Board
  • Inaugural meeting today in New York

Deutsche Bank’s Board of Directors has created a new Global Advisory Board made up of experts from business, academia and politics, whose task is to advise the Board of Directors on macroeconomic, geopolitical and technological fundamentals that have a significant impact on the bank’s operating environment.

The board has appointed Paul Achleitner, former chairman of the bank’s supervisory board, founding chairman of the Global Advisory Board. The other members are:

  • Henry Kissinger, former US Secretary of State
  • Eric Schmidt, former CEO of Google and executive chairman of Alphabet
  • Indra Nooyi, Amazon Board Member, Philips Supervisory Board Member, 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 co-CEO of SAP

The Global Advisory Board meets for the first time today in New York. In future, there will be two formal meetings per year. Members of the Advisory Board are also available to the Board of Directors with their advice between meetings. Regular guests at advisory board meetings will be Deutsche Bank Supervisory Board Chairman Alexander Wynaendts, Chief Executive Christian Sewing and Chief Economist David Folkerts-Landau.

“In a rapidly changing world, it is of great importance, especially for a global financial institution, to identify social, technological and geopolitical developments at an early stage in order to draw the right conclusions for our bank and its customers,” says Alexander Wynaendts. .

“I am delighted that we have been able to recruit six experienced business representatives, politicians and academics for our new Global Advisory Board,” adds Christian Sewing. “Their insights will help us, as Global Hausbank, to be a crucial partner for our clients on matters concerning the future.”

Paul Achleitner, Chairman of the Global Advisory Board, said: “Economic activity is more than ever shaped by the technological revolution of our time. Added to this are the historical issues of geopolitical tensions and a modified vision of globalization. ideas and proposals on how the bank and its clients can best navigate this environment, manage risks and seize opportunities as they arise.”