Christian Sewing

Christian Sewing (German pronunciation: ['krɪsti̯an 'ze:vɪŋ]; born 24 April 1970) 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.[1]

Christian Sewing
Born (1970-04-24) 24 April 1970
Alma materFrankfurt School of Finance & Management
OccupationBanker, business executive
Known forCEO of Deutsche Bank

Early life

Sewing was born on 24 April 1970. He earned his Abitur in 1989. He completed an apprenticeship programme at Deutsche Bank in Bielefeld,[2] 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 Bielefeld and Hamburg.

Career

Sewing first worked in the branches of Deutsche Bank as a 19-year-old trainee in Bielefeld[3] 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 2005 until 2007, Sewing was a member of the management board of Deutsche Genossenschafts-Hypothekenbank.

From 2010 to 2012, he was chief credit officer. He has worked in Frankfurt, London, Singapore, Tokyo and Toronto.[4] 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.[5] He earned 2.9 million euros for 2017.[6]

On 8 April 2018, Sewing became CEO at Deutsche Bank, replacing John Cryan.[7] That year, he led Deutsche Bank to its first profit in four years and launched talks with Commerzbank on a potential merger.[8] After his first year, his 7 million euro compensation made him one of the best paid chief executives in European banking.[9] As of September, Christian will spend 15% of his monthly net salary buying the German lender’s shares as part of his efforts to revive the bank's profitability. [10]

Other activities

Government agencies

Corporate boards

Non-profit organizations

Personal life

Sewing is a passionate tennis player.[17] He is married with four children.[18]

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References
  1. "Christian Sewing to become new CEO of Deutsche Bank". CNBC. 2018-04-08. Retrieved 2020-04-21.
  2. Farrell, Sean (2019-07-08). "Deutsche Bank boss Christian Sewing not squeamish about job cuts". The Guardian. ISSN 0261-3077. Retrieved 2020-04-17.
  3. Schaer, Cathrin (April 9, 2018). "Christian Sewing, former Deutsche Bank intern, now runs the show". Handelsblatt.
  4. Framke, Andreas; Sims, Tom (2018-04-09). "Deutsche Bank picks retail specialist Christian Sewing as CEO". Reuters. Retrieved 2020-04-17.
  5. Deutsche Bank Appoints Christian Sewing To Succeed John Cryan As CEO Nasdaq.com, retrieved 9 April 2018
  6. Tom Sims (March 22, 2019), Deutsche Bank chief paid $8 million as top bosses gain first bonuses for four years Reuters.
  7. Deutsche Bank Replaces CEO John Cryan With Retail-Bank Chief wsj.com, retrieved 9 April 2018
  8. Tom Sims (March 22, 2019), Deutsche Bank chief paid $8 million as top bosses gain first bonuses for four years Reuters.
  9. Tom Sims (March 22, 2019), Deutsche Bank chief paid $8 million as top bosses gain first bonuses for four years Reuters.
  10. "Deutsche CEO to invest 15% of monthly net pay in bank's shares". Reuters. 2019-09-02. Retrieved 2019-09-02.
  11. International Advisory Panel Monetary Authority of Singapore.
  12. Presidium Federation of German Industries (BDI).
  13. Board of Directors Association of German Banks (BdB).
  14. Board Institute of International Finance (IIF).
  15. Board of Trustees Working Group of Protestant Businesses (AEU).
  16. Board Stifterverband für die Deutsche Wissenschaft.
  17. "Christian Sewing, former Deutsche Bank intern, now runs the show". Handelsblatt global. Retrieved 24 October 2018.
  18. "A New CEO Plans Big Cuts to Mend Deutsche Bank". Bloomberg Businessweek. Retrieved 24 October 2018.
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