Former Deutsche Bank Chairman and CEO Rolf Breuer Passes Away
Breuer, who led Deutsche Bank from 1997 to 2002, died on Wednesday at the age of 86.
Rolf-Ernst Breuer, the former CEO and Chairman of Deutsche Bank, passed away on Wednesday, May 22, 2024. Breuer, who was 86 years old, spent nearly his entire career at Deutsche Bank, where he held various leadership positions. He was born on November 3, 1937, and was a German businessman and jurist.
Breuer's Legacy at Deutsche Bank
Breuer joined Deutsche Bank in 1962 and quickly rose through the ranks. He became a member of the Management Board in 1997 and served as Chairman and CEO from 1997 to 2002. During his tenure, he oversaw Deutsche Bank's merger with Bankers Trust and the acquisition of Dresdner Bank. Breuer was also instrumental in the bank's expansion into global markets.
Breuer's leadership of Deutsche Bank was not without controversy. He was criticized for his role in the bank's involvement in the subprime mortgage crisis and for his handling of the bank's relationship with the Kirch Group. However, he is widely credited with transforming Deutsche Bank into one of the world's leading financial institutions.
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