Dr. Josef Ackermann

Josef Ackermann

Chairman of the Management Board and the Group Executive Committee Deutsche Bank AG

Josef Ackermann, born on February 7, 1948, in the Swiss Canton of St. Gallen, is Chairman of the Management Board and of the Group Executive Committee of Deutsche Bank.

He studied Economics and Social Sciences at the University of St. Gallen, and in 1977 – after obtaining his doctorate – joined Schweizerische Kreditanstalt (SKA). In 1990, Ackermann was appointed to the Executive Board of SKA, becoming its President in 1993.

In 1996, Ackermann joined the Board of Managing Directors of Deutsche Bank, where he was responsible for the investment banking division. Under his leadership, this business unit developed into one of Deutsche Bank's principal revenue sources and entered the top group of global investment banks. In 2002, he became Spokesman of the Board of Managing Directors and Chairman of the Group Executive Committee. He was appointed Chairman of the Management Board on February 1, 2006.

Ackermann is a member of the Supervisory Board of Siemens AG (second deputy chairman) and of the International Advisory Council of Zurich Financial Services Group. He also plays an active role in, among other things, the Initiative Finanzstandort Deutschland (Member of the Initiators’ Group), the Institute of International Finance (Chairman of the Board), the World Economic Forum (CoChairman of the Foundation Board), the St. Gallen Foundation for International Studies (Chairman) and the Metropolitan Opera New York (Member of the Board of Advisory Directors). In 2007, Ackermann accepted an appointment as a Visiting Professor in Finance at the London School of Economics.