Christian Sewing
Christian Sewing is a German banker who currently serves as the CEO of Deutsche Bank. He has been a member of the management board since 1 January 2015. On 8 April 2018 he was appointed chief executive officer (CEO) of Deutsche Bank.
Some of the key events about Christian Sewing
- 1989Joined Deutsche Bank as an apprentice
- 2005Appointed to the Management Board of Deutsche Bank Privat- und Geschäftskunden AG
- 2010Became Head of Group Audit
- 2013Appointed to the Management Board of Deutsche Bank AG
- 2015Assumed responsibility for Deutsche Bank's Private & Commercial Bank
- 2017Took on additional responsibility for Postbank
- 2018Appointed as CEO of Deutsche Bank
- 2018Oversaw a major restructuring plan that included cutting 18,000 jobs at Deutsche Bank
- 2019Launched a major restructuring plan for Deutsche Bank
- 2019Faced criticism for Deutsche Bank's involvement in a money laundering scandal involving Danske Bank
- 2019Announced further job cuts, bringing the total to 25,000 positions eliminated
- 2020Led Deutsche Bank to its first annual profit since 2014
- 2020Agreed to pay $150 million in penalties related to Deutsche Bank's relationship with Jeffrey Epstein
- 2020Oversaw Deutsche Bank's $130 million settlement with U.S. authorities over bribery charges
- 2021Oversaw Deutsche Bank's best profit in a decade
- 2021Faced scrutiny over Deutsche Bank's continued relationship with former U.S. President Donald Trump
- 2022Criticized for Deutsche Bank's slow exit from Russia following the invasion of Ukraine
- 2022Oversaw a raid on Deutsche Bank offices related to suspected tax evasion by clients
- 2023Faced questions about Deutsche Bank's exposure to the collapse of Silicon Valley Bank
- 2023Criticized for Deutsche Bank's involvement in the Archegos Capital Management collapse
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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Deutsche Bank settles long-running Postbank acquisition dispute for less than anticipated, boosting shares. The case highlights the unpredictable nature of legal risks in banking valuations.
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Deutsche Bank reported its first quarterly loss in four years, attributed to a 1. 3 billion euro legal provision. The loss broke a 15-quarter profit streak and led to a 7% drop in shares.