Christian Sewing
German banker (born 1970)
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Key Takeaways
- Christian Sewing ( German pronunciation: ['krɪsti̯an 'ze:vɪŋ] ; born 24 April 1970 in Bünde) is a German banker who is the chief executive officer (CEO) of Deutsche Bank.
- Sewing was the head of Deutsche Bank's audit division during its $10 billion money-laundering scandal involving its Moscow operations.
- As CEO, Sewing announced in 2020 that Deutsche Bank would expand its Russia operations.
- He earned his Abitur in 1989.
- He then studied business administration at the Frankfurt School of Finance & Management, in Frankfurt.
Christian Sewing (German pronunciation: ['krɪsti̯an 'ze:vɪŋ]; born 24 April 1970 in Bünde) is a German banker who is the chief executive officer (CEO) of Deutsche Bank. He has been a member of the management board since January 2015, and CEO since April 2018.
Sewing was the head of Deutsche Bank's audit division during its $10 billion money-laundering scandal involving its Moscow operations. The auditing division gave its Moscow office a clean bill of health, despite serious irregularities. As CEO, Sewing announced in 2020 that Deutsche Bank would expand its Russia operations.
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, 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 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. 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. He earned 2.9 million euros for 2017.
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