Deutsche Bank's Management Board has created a new Global Advisory Board comprising experts from business, academia and politics.
The Board's task it is to advise the Management Board on fundamental macroeconomic, geopolitical and technological developments that have a significant impact on the bank's operating environment, the bank announced in a media release Wednesday.
The Management Board appointed Paul Achleitner, former Chairman of the bank’s Supervisory Board, as the founding Chairman of the Global Advisory Board. Other members are:
- Henry Kissinger, former US Secretary of State
- Eric Schmidt, former CEO of Google and Executive Chairman of Alphabet
- Indra Nooyi, member of the Board of Directors of Amazon, member of the Supervisory Board of Philips, former Chair and CEO of PepsiCo
- Rafael Reif, President of the Massachusetts Institute of Technology (MIT)
- Jim Hagemann Snabe, Chairman of the Supervisory Board of Siemens, former Co-CEO of SAP
The Global Advisory Board meets for the first time this Wednesday in New York. In the future, there will be two official meetings per year. Advisory Board members are also available to the Management Board with their advice between the meetings.
Regular guests at the Advisory Board meetings will be Deutsche Bank Supervisory Board Chairman Alexander Wynaendts, Chief Executive Officer Christian Sewing and Chief Economist David Folkerts-Landau.
Technological Revolution
«Economic activity is shaped more than ever by the technological revolution of our time. The Advisory Board will develop ideas and proposals on how the bank and its clients can best navigate this environment, manage risks and seize the opportunities that arise,» Board Chairman Achleitner said.
