Paul M. Achleitner (born 28 September 1956 in

Linz Linz (Pronunciation: , ; ) is the capital of Upper Austria and List of cities and towns in Austria, third-largest city in Austria. Located on the river Danube, the city is in the far north of Austria, south of the border with the Czech Repub ...

) is an Austrian businessman who served as chairman of the supervisory board of

Deutsche Bank Deutsche Bank AG (, ) is a Germany, German multinational Investment banking, investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. ...

from 2012 to 2022.

Education

Achleitner studied Business Administration, Economics, Law and Social Sciences at the

University of St. Gallen The University of St. Gallen (HSG) is a research university located in St. Gallen, Switzerland, that specialises in business administration, economics, law, international affairs, and computer science. It was established in 1898. It consistent ...

, where he also earned his doctorate. He was also a visiting fellowship at

Harvard Business School Harvard Business School (HBS) is the graduate school, graduate business school of Harvard University, a Private university, private Ivy League research university. Located in Allston, Massachusetts, HBS owns Harvard Business Publishing, which p ...

from 1982 to 1984.

Career

Early career

Achleitner worked for

Bain and Company Bain & Company is an American management consulting company headquartered in Boston, Massachusetts. The firm provides advice to public, private, and nonprofit organizations. One of the Big Three management consultancies, Bain & Company was found ...

and as the managing director of the German subsidiary of

Goldman Sachs The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many internationa ...

. In 2000, Achleitner joined

Allianz AG Allianz SE ( , ) is a German Multinational corporation, multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. Allianz is the world's largest List of largest insurance ...

as chief financial officer, where he was primarily responsible for finance and investments. He left Allianz in 2012.

Deutsche Bank, 2012–2022

after his appointment to the chairman of the supervisory board of Deutsche Bank. He retained the support of the bank's biggest shareholder, Qatari Sheikh

Hamad bin Jassim bin Jaber Al Thani Hamad bin Jassim bin Jaber bin Mohammed bin Thani Al Thani (Arabic: ; born 1959), also known informally by his initials HBJ, is a Qatari politician. He was the Prime Minister of Qatar from 3 April 2007 to 26 June 2013, and foreign minister from ...

, and, in 2017, shareholders backed Achleitner's re-election to a second five-year term. From 2018 until 2020, he faced for three years in a row a vote to remove him from his post. Through his time in office, he oversaw multiple CEO changes, including Anshu Jain (2012-2015),

Jürgen Fitschen Jürgen Fitschen (born 1 September 1948 in Harsefeld, Germany), sometimes rendered ''Juergen Fitschen'' in English, is a German banker who served as co-CEO of Deutsche Bank from 2012 to 2016. He served alongside Anshu Jain until 2015 and John Cry ...

(2012-2016),

John Cryan John Michael Cryan (born 16 December 1960) is a British businessman. From July 2015 to April 2018 he was chief executive of Deutsche Bank AG in Frankfurt am Main. Early life John Michael Cryan was born on 16 December 1960 in Sunderland. He i ...

(2015-2018) and

Christian Sewing Christian Sewing (; 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 Deu ...

(2018–2022).Hans Seidenstuecker (October 8, 2019)
Deutsche Bank's chairman best paid among German blue chips in 2018
''

Reuters Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency ...

''. According to various surveys, Achleitner was the highest paid supervisory board head at Germany's 30 biggest listed companies that make up the benchmark

DAX The DAX (''Deutscher Aktienindex'' (German stock index); ) is a stock market index consisting of the 40 major German blue chip companies trading on the Frankfurt Stock Exchange. It is a total return index. Prices are taken from the Xetra t ...

index between 2016 and 2018. In August 2019 alson, he bought nearly 1 million euros of the bank's shares. In Munich, he shares an office with his wife Ann-Kristin Achleitner,

Michael Diekmann Michael Diekmann (born December 23, 1954) is a German manager who was the CEO of Allianz in from 2003 to 2015. Early life and education Diekmann knew early that the family construction business would go to his twin brother, who was more interest ...

, Joachim Faber and

Peter Löscher Peter Löscher (born 17 September 1957 in Villach, Austria) is an Austrian manager who was the CEO of Siemens from 2007 until 2013. As of 2017, Löscher remains as the only CEO to be hired from outside the conglomerate in the 170-year history o ...

Other activities

Achleitner is an honorary professor of the WHU - Otto Beisheim School of Management in

Vallendar Vallendar () is a town in the district Mayen-Koblenz, in Rhineland-Palatinate, Germany. It is situated on the right bank of the Rhine, approx. 4 km north-east of Koblenz. Vallendar is the seat of the ''Verbandsgemeinde'' ("collective municipa ...

, Germany, where he teaches a course in investment banking. He is also head of the Exchange Expert Commission, and a member of the German federal commission for the German

Corporate Governance Corporate governance refers to the mechanisms, processes, practices, and relations by which corporations are controlled and operated by their boards of directors, managers, shareholders, and stakeholders. Definitions "Corporate governance" may ...

Code.

Corporate boards

, Chair of the Global Advisory Board (since 2022) *

Hakluyt & Company Hakluyt & Company is a British strategic advisory firm. The company is headquartered in London. Hakluyt was founded by former officials of the British Secret Intelligence Service (MI6). The company has recruited several former British spies and ...

, Member of the International Advisory Board (since 2022) *

Bayer AG Bayer AG (English: , commonly pronounced ; ) is a German multinational pharmaceutical and biotechnology company and is one of the largest pharmaceutical companies and biomedical companies in the world. Headquartered in Leverkusen, Bayer's ...

, Member of the Supervisory Board (since 2002) * Henkel AG & Sons, Member of the Shareholders' Committee (since 2001), Member of the Finance Subcommittee *

Daimler Daimler is a German surname. It may refer to: People * Gottlieb Daimler (1834–1900), German inventor, industrialist and namesake of a series of automobile companies * Adolf Daimler (1871–1913), engineer and son of Gottlieb Daimler * Paul Da ...

, Member of the Supervisory Board (2010-2020) *

RWE AG RWE AG is a German multinational energy company headquartered in Essen. It generates and trades electricity in the Asia-Pacific region, Europe and the United States. In July 2020, RWE completed a far-reaching asset swap deal with E.ON first a ...

, Member of the Supervisory Board (2000-2013)

Non-profit organizations

* Alfred Herrhausen Gesellschaft of

, Chairman of the Board of Trustees *

Bilderberg Group The Bilderberg Meeting (also known as the "Bilderberg Group", "Bilderberg Conference" or "Bilderberg Club") is an annual off-the-record forum established in 1954 to foster dialogue between Europe and North America. The group's agenda, originally ...

, Treasurer and Member of the Steering Committee *

Bocconi University Bocconi University or Università Bocconi (formally known in Italian language, Italian as ''Università Commerciale Luigi Bocconi'' – Luigi Bocconi Commercial University) is a private university in Milan, Italy. The university is consistently ...

, Member of the International Advisory Council * European Financial Services Roundtable (EFR), Chairman *

Brookings Institution The Brookings Institution, often stylized as Brookings, is an American think tank that conducts research and education in the social sciences, primarily in economics (and tax policy), metropolitan policy, governance, foreign policy, global econo ...

, Member of the Board of Trustees (since 2013) *

Munich Security Conference The Munich Security Conference (MSC), formerly Munich Conference on Security Policy, is an annual conference on international security policy that has been held in Munich, Germany, since 1963. Over the past four decades the Munich Security Con ...

, Member of the Advisory Council

Personal life

Achleitner is Jewish. He is married to Ann-Kristin Achleitner, a professor of business at

Technische Universität München The Technical University of Munich (TUM or TU Munich; ) is a public research university in Munich, Bavaria, Germany. It specializes in engineering, technology, medicine, and applied and natural sciences. Established in 1868 by King Ludwig II ...

References

External links

Resume of Dr. Paul Achleitner
{{DEFAULTSORT:Achleitner, Paul Living people 1956 births German bankers Harvard Business School alumni University of St. Gallen alumni Members of the Steering Committee of the Bilderberg Group Austrian emigrants to Germany People from Linz Deutsche Bank people Allianz people Goldman Sachs people