Rolf Breuer, Former CEO of Deutsche Bank, Passes Away

Deutscher Banker und Jurist Rolf-Ernst Breuer 1937 - 2024

Former Deutsche Bank Chief Executive Rolf Breuer Dies at 86

Rolf-Ernst Breuer, former CEO and chairman of Deutsche Bank, has passed away at the age of 86. Breuer, who had been ill for some time, died on Wednesday. Deutsche Bank released a statement expressing its condolences to Breuer's family and friends. Breuer was a prominent figure in the German banking industry, having served as CEO of Deutsche Bank from 1997 to 2002. Under his leadership, Deutsche Bank became one of the world's leading financial institutions.

Breuer was born in 1937 in Hamburg, Germany. He studied law at the University of Hamburg and began his career as a lawyer. In the early 1970s, he joined Deutsche Bank and quickly rose through the ranks. In 1997, he was appointed CEO of Deutsche Bank and also served as the Chairman of the Management Board for 5 years. Breuer stepped down as CEO in 2002 but remained as chairman of the supervisory board until 2006. He retired from Deutsche Bank in 2008 and later became a professor at the University of St. Gallen in Switzerland.

Breuer was a controversial figure during his time at Deutsche Bank. He was criticized for his role in the bank's involvement in the subprime mortgage crisis that led to the financial crisis of 2008. He was also accused of misleading investors about the bank's financial health.

Despite the controversy, Breuer was a respected figure in the banking industry. He was known for his intelligence, his strategic vision, and his strong leadership skills. His death is a loss for the German banking industry and for the world of finance as a whole.