Jürgen Fitschen (born 1 September 1948 in Harsefeld, Germany), 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.
Fitschen went to school at Athenaeum Stade, then he studied Economics and Business Administration at the University of Hamburg and graduated in 1975 with a master's degree in Business Administration.[1]
Careeredit
Citibank, 1975–1987edit
From 1975 to 1987, Fitschen worked at Citibank in various positions[2] in Hamburg and Frankfurt am Main. In 1983, he was appointed member of Citibank’s Executive Committee Germany.
Deutsche Bank, 1987–2016edit
After joining Deutsche Bank in 1987, Fitschen held executive positions in Thailand, Japan and Singapore, before becoming a member of the Global Corporates and Institutions Divisional Board in 1997, based in Frankfurt. A year later he joined the newly designed Global Corporates and Institutions division, based in London. In 2001 he was appointed to Deutsche Bank Group Board of Managing Directors where he was responsible for the Corporate and Investment divisions of the bank.
Fitschen first became a member of Deutsche Bank’s Group Executive Committee in 2002. In 2005 he was appointed Head of the newly established Regional Management team worldwide and CEO Germany, based in Frankfurt.[3] As CEO Germany he also served as Chairman of the Management Committee Germany. In these capacities Fitschen joined the Deutsche Bank Management Board in 2009.
In 2011, Deutsche Bank announced that Anshu Jain and Fitschen would share chief executive duties at Deutsche Bank by 2012.[4]
In December 2012, Fitschen was under investigation for alleged sales tax evasion, which occurred in 2009.[5] After a raid by over 500 police officials and tax inspectors, Fitschen called the minister-president of the German state of Hesse, Volker Bouffier, complaining about the raid, saying that the incident damaged the reputation of the largest German lender.[6]
In 2013, Deutsche Bank extended Fitschen’s contract by two years.[7] By 2014, his compensation was at 6.66 million euros.[8]
In 2014, the Munich prosecutor’s office filed charges of attempted trial fraud against Fitschen and several former bank leaders, accusing them of colluding to give false testimony in a long-running lawsuit over the collapse of Kirch Group, bank client Leo Kirch’s media conglomerate.[9] By 2016, Fitschen and the others were acquitted.[10]
Following his departure as Co-CEO, Fitschen continued to work for Deutsche Bank, concentrating on the German and Asian businesses, and supporting the bank with his contacts with key corporate clients.[11]
Other activitiesedit
Corporate boardsedit
ESG Book, Member of the Advisory Board (since 2021)[12]
Schott AG, Member of the Supervisory Board (since 2012)[13]
Metro AG, Member of the Supervisory Board (since 2008)[14]
Vonovia, Chair of the Supervisory Board (2018–2023)[15]
Ceconomy, Chair of the Supervisory Board (2017–2020)[16]
jürgen, fitschen, born, september, 1948, harsefeld, germany, sometimes, rendered, juergen, fitschen, english, german, banker, served, deutsche, bank, from, 2012, 2016, served, alongside, anshu, jain, until, 2015, john, cryan, from, 2015, president, association. Jurgen Fitschen born 1 September 1948 in Harsefeld Germany 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 Jurgen FitschenBorn1 September 1948NationalityGermanOccupationBankerYears active1975 2016Known forCo CEO Deutsche Bank Contents 1 Education 2 Career 2 1 Citibank 1975 1987 2 2 Deutsche Bank 1987 2016 3 Other activities 3 1 Corporate boards 3 2 Non profit organizations 4 ReferencesEducation editFitschen went to school at Athenaeum Stade then he studied Economics and Business Administration at the University of Hamburg and graduated in 1975 with a master s degree in Business Administration 1 Career editCitibank 1975 1987 edit From 1975 to 1987 Fitschen worked at Citibank in various positions 2 in Hamburg and Frankfurt am Main In 1983 he was appointed member of Citibank s Executive Committee Germany Deutsche Bank 1987 2016 edit After joining Deutsche Bank in 1987 Fitschen held executive positions in Thailand Japan and Singapore before becoming a member of the Global Corporates and Institutions Divisional Board in 1997 based in Frankfurt A year later he joined the newly designed Global Corporates and Institutions division based in London In 2001 he was appointed to Deutsche Bank Group Board of Managing Directors where he was responsible for the Corporate and Investment divisions of the bank Fitschen first became a member of Deutsche Bank s Group Executive Committee in 2002 In 2005 he was appointed Head of the newly established Regional Management team worldwide and CEO Germany based in Frankfurt 3 As CEO Germany he also served as Chairman of the Management Committee Germany In these capacities Fitschen joined the Deutsche Bank Management Board in 2009 In 2011 Deutsche Bank announced that Anshu Jain and Fitschen would share chief executive duties at Deutsche Bank by 2012 4 In December 2012 Fitschen was under investigation for alleged sales tax evasion which occurred in 2009 5 After a raid by over 500 police officials and tax inspectors Fitschen called the minister president of the German state of Hesse Volker Bouffier complaining about the raid saying that the incident damaged the reputation of the largest German lender 6 In 2013 Deutsche Bank extended Fitschen s contract by two years 7 By 2014 his compensation was at 6 66 million euros 8 In 2014 the Munich prosecutor s office filed charges of attempted trial fraud against Fitschen and several former bank leaders accusing them of colluding to give false testimony in a long running lawsuit over the collapse of Kirch Group bank client Leo Kirch s media conglomerate 9 By 2016 Fitschen and the others were acquitted 10 Following his departure as Co CEO Fitschen continued to work for Deutsche Bank concentrating on the German and Asian businesses and supporting the bank with his contacts with key corporate clients 11 Other activities editCorporate boards edit ESG Book Member of the Advisory Board since 2021 12 Schott AG Member of the Supervisory Board since 2012 13 Metro AG Member of the Supervisory Board since 2008 14 Vonovia Chair of the Supervisory Board 2018 2023 15 Ceconomy Chair of the Supervisory Board 2017 2020 16 Kuehne Nagel International AG Member of the Board of Directors 2008 2019 17 18 Non profit organizations edit Trilateral Commission Member of the European Group 19 References edit nbsp Banks portal Juergen Fitschen Businessweek Retrieved 12 March 2013 dead link Jurgen Fitschen Forbes Archived from the original on 2 August 2014 Retrieved 30 January 2013 Mark Landler 22 September 2004 Deutsche Bank s Chief Shuffles Top Executive Ranks New York Times Jack Ewing 25 July 2011 Deutsche Bank Names Co C E O s to Succeed Ackermann New York Times Head office raided in tax probe Deutsche Bank CEO under investigation Der Spiegel Spiegel Online 12 December 2012 Retrieved 25 February 2013 Deutsche Bank leadership criticised by German politicians Indian Express Retrieved 7 March 2013 Edward Taylor 29 October 2013 Deutsche Bank extends CEO contract of Juergen Fitschen to 2017 Reuters Sean Farrell 24 November 2015 Bankers still overpaid says German bank chief The Guardian Jack Ewing 23 September 2014 German Prosecutors Charge Deutsche Bank Executives New York Times James Shotter 25 April 2016 Deutsche Bank co CEO Jurgen Fitschen acquitted in Kirch case Financial Times Tina Bellon 19 May 2016 Deutsche Bank s former co CEO Fitschen to stay with bank Reuters Arabesque announces the appointment of Jurgen Fitschen Dr Christof Mascher and Dr Lars Jaeger ESG Book press release of 21 May 2021 Schott AG corporate website Supervisory Board METRO AG corporate website Supervisory Board Vonovia verkleinert Aufsichtsrat Borsen Zeitung 10 March 2023 Ceconomy findet Nachfolger fur Aufsichtsratschef Jurgen Fitschen Handelsblatt 26 November 2020 Kuehne Nagel International AG corporate website Board of Directors Changes in the Board of Directors Kuehne Nagel International AG press release of 27 February 2019 Membership Trilateral Commission Retrieved from https en wikipedia org w index php title Jurgen Fitschen amp oldid 1166237798, wikipedia, wiki, book, books, library,
