Rolf Breuer, Former Deutsche Bank CEO, Passes Away
Former Chairman of the Supervisory Board Died on Wednesday
Breuer Led Deutsche Bank Through a Period of Significant Growth
Rolf-Ernst Breuer, the former CEO and Chairman of Deutsche Bank, passed away on Wednesday at the age of 86. Breuer was a prominent figure in the German banking industry, leading Deutsche Bank through a period of significant growth and expansion.
Breuer was born in Gummersbach, Germany, on November 3, 1937. He studied law at the University of Cologne and began his career as a lawyer. In 1985, he joined Deutsche Bank as a member of the management board. He became CEO in 1997 and served in that role until 2002. Under Breuer's leadership, Deutsche Bank acquired Bankers Trust in 1999, making it one of the largest banks in the world. He also oversaw the bank's expansion into new markets, including Asia and Eastern Europe.
After stepping down as CEO, Breuer became Chairman of the Supervisory Board of Deutsche Bank. He held that position until 2006. During his tenure, the bank faced a number of challenges, including the global financial crisis. Breuer played a key role in steering the bank through these difficult times.
Breuer was a respected figure in the German business community and received numerous awards for his achievements. He was awarded the Grand Cross of the Order of Merit of the Federal Republic of Germany and was named Honorary Senator of the University of Cologne.
Breuer's passing is a significant loss for the German banking industry. He was a visionary leader who played a major role in shaping the industry. His legacy will live on for years to come.
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