Christian Sewing
| Christian Sewing link (Banker) | |
|---|---|
 | |
| Born | 24 April 1970 Bünde,North Rhine-Westphalia, Germany |
| Nationality | German |
| Alma mater | Frankfurt School of Finance & Management |
| Children | 4 |
Christian Sewing is a German banker who became CEO of Deutsche Bank in April 2018.[4] He attended multiple WEF AGMs and Bilderberg/2024 and 2025.
Education
Sewing was born on 24 April 1970.[5] He received his Abitur in 1989. He completed an apprenticeship programme at Deutsche Bank in Bielefeld,[6] graduating with a banking qualification from the Chamber of Industry and Commerce in 1991. He then studied business administration at the Frankfurt School of Finance & Management, in Frankfurt.
Career
Sewing first worked in the branches of Deutsche Bank as a 19-year-old trainee in Bielefeld[7] and Hamburg, then as a junior corporate client advisor in Toronto, as Chief Credit Officer in Japan, and six years as a risk manager in London.
From 2010 to 2012, he was chief credit officer. He has worked in Frankfurt, London, Singapore, Tokyo and Toronto.[8] From 2012 to 2013, he was deputy chief risk officer. Sewing was head of group audit from June 2013 to February 2015, prior to which he held a number of management positions in risk management. From January 2016, Sewing oversaw Deutsche Bank's private and commercial banking division, which includes the lender's network of German retail branches, but has a low profile outside of Germany.[9] He received 2.9 million euros for 2017.[10]
On 8 April 2018, Sewing became CEO at Deutsche Bank, replacing John Cryan.[11]
He launched talks with Commerzbank on a potential merger.[12] After his first year, his 7 million euro compensation made him one of the best paid chief executives in European banking.[10][13]
Sewing was the head of Deutsche Bank's audit division during Deutsche Bank's $10 billion money-laundering scandal involving its Moscow operations. The auditing division gave its Moscow office a clean bill of health, despite serious irregularities.[14] The discovery of the scandal was part of the US financial war on Russia, and to break links between Europe and Russia.
According to the terms of Deutsche Bank's settlement with the US SEC, Sewing must "annually certify that the German lender is adhering to a recent settlement in which U.S. authorities fined the firm for violating swaps reporting rules."[15] This change could hold Sewing criminally liable for future violations by the bank.[15]
In 2020, Sewing announced that Deutsche Bank was pursuing an expansion of its Russia operations, despite some warnings from the US[16]
In 2022, under the orders of Deutsche Bank's supervisory board, Sewing and 10% of the senior staff took an overall €1 million reduction in pay due to the bank's missing targets. Sewing received a €145,000 cut to his bonus, as the supervisory board revealed that the bank met just 64% of its government, social, and governance targets.[17]
Other activities
Government agencies
- Monetary Authority of Singapore (MAS), Member of the International Advisory Panel (since 2018)[18]
- Deutsche Postbank, Member of the supervisory board (since 2012)
- Federation of German Industries (BDI), Member of the Presidium (2017-2018)[19]
- Association of German Banks (BdB), Member of the Board of Directors,[20] President (since 2021)[21]
- Institute of International Finance (IIF), Member of the Board[22]
- Working Group of Protestant Businesses (AEU), Member of the Board of Trustees[23]
- Stifterverband für die Deutsche Wissenschaft, Member of the Board[24]
References
- ↑ https://www.dw.com/en/vaccination-or-nothing-150-major-german-companies-launch-social-media-offensive/a-60050329
- ↑ https://de.linkedin.com/posts/deutsche-bank_zusammengegencorona-die-deutsche-bank-activity-6873886355710181376-gcAZ
- ↑ https://www.dw.com/en/coronavirus-german-businesses-offer-help-with-vaccine-drive/a-56787655
- ↑ https://www.cnbc.com/2018/04/08/new-deutsche-bank-ceo-christian-sewing.htm
- ↑ https://rp-online.de/wirtschaft/bankenfusion-deutsche-bank-und-commerzbank-klarheit-am-26-april-2019_aid-38132255
- ↑ https://www.theguardian.com/business/2019/jul/08/deutsche-bank-boss-christian-sewing-not-squeamish-about-job-cuts
- ↑ https://www.handelsblatt.com/today/finance/whos-the-new-boss-christian-sewing-former-deutsche-bank-intern-now-runs-the-show/23581772.html?ticket=ST-2340221-C0yRiRGdw6awpGZ0oljz-ap6
- ↑ https://www.reuters.com/article/us-deutsche-bank-ceo-idUSKBN1HF066
- ↑ Deutsche Bank Appoints Christian Sewing To Succeed John Cryan As CEO Nasdaq.com, retrieved 9 April 2018
- ↑ 10.0 10.1 Tom Sims (March 22, 2019), Deutsche Bank chief paid $8 million as top bosses gain first bonuses for four years Reuters.
- ↑ Deutsche Bank Replaces CEO John Cryan With Retail-Bank Chief wsj.com, retrieved 9 April 2018
- ↑ Tom Sims (March 22, 2019), Deutsche Bank chief paid $8 million as top bosses gain first bonuses for four years Reuters.
- ↑ https://www.reuters.com/article/us-deutsche-bank-ceo-idUSKCN1VN19K
- ↑ https://www.buzzfeednews.com/article/tomwarren/deutsche-bank-money-laundering-mirror-trade
- ↑ 15.0 15.1 https://www.forbes.com/sites/jackkelly/2020/10/05/deutsche-bank-ceo-christian-sewing-could-be-held-criminally-responsible-for-his-banks-activities/
- ↑ https://www.wsj.com/articles/outside-monitors-urge-deutsche-bank-to-quit-russia-11606386601
- ↑ https://www.ft.com/content/fb5eb69f-3cd1-4106-a560-2f50e6826da6 }
- ↑ International Advisory Panel Monetary Authority of Singapore.
- ↑ Presidium Federation of German Industries (BDI).
- ↑ Board of Directors Association of German Banks (BdB).
- ↑ Meike Schreiber (April 19, 2021), Im Ehrenamt nun auch Lobbyist Süddeutsche Zeitung.
- ↑ Board Institute of International Finance (IIF).
- ↑ https://web.archive.org/web/20191228121548/https://www.aeu-online.de/organisation/kuratorium.html
- ↑ Board Stifterverband für die Deutsche Wissenschaft.
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