Ex-CEO of our site, Rolf Breuer, has sadly succumbed to death
In the annals of German banking, the name Rolf-E. Breuer stands out as a significant figure, particularly associated with Deutsche Bank. Breuer, who served as a member of the Bank's Board of Managing Directors from 1985 to 1997 and as CEO from 1997 to 2002, played a pivotal role in the transformation of Deutsche Bank, focusing on international expansion and strategic investments.
Breuer's career at Deutsche Bank began early in his career, where he contributed significantly to the bank's strategic development and growth. Before becoming CEO, he played a crucial role in key financial decisions and strategic planning.
Upon taking the helm in 1997, Breuer oversaw the bank's extensive international expansion, especially in the United States and Asia. Notable acquisitions during his leadership include the purchase of Bankers Trust in 1999, which expanded Deutsche Bank's U.S. operations and global influence.
Breuer also implemented major restructuring efforts within the bank to improve efficiency and competitiveness in the global market. His strategies helped strengthen Deutsche Bank's position in key markets worldwide, contributing to its growth and recognition as a major global player.
Post-2002, Breuer remained influential in German business circles, continuing to serve on various corporate boards. His contributions to Deutsche Bank's growth and international presence were undoubtedly significant, as evidenced by the bank's transformation into one of the world's leading financial institutions.
In recognition of his achievements, Breuer was appointed as honorary senator by the university in 2020. He also had cultural commitments, including to various arts institutions and foundations in Berlin, Frankfurt, and Hesse. Alexander Wynaendts, Chairman of the Supervisory Board of Deutsche Bank, paid tribute to his achievements, stating that Breuer made a significant contribution to building a global bank with the necessary network and expertise.
In October 2001, under Breuer's leadership, Deutsche Bank's shares were listed on the New York Stock Exchange. The city of Frankfurt awarded him its badge of honour in 2005. Breuer served as President of the Association of German Banks and was instrumental in the founding of the Centre of Financial Studies at the Goethe University Frankfurt.
Rolf-E. Breuer, former CEO and Chairman of Deutsche Bank, passed away on Wednesday. Christian Sewing, current CEO, described Breuer as an "old school" banker with strategic vision and a focus on big clients and international business. Breuer's legacy will continue to be felt in the world of banking for years to come.
Rolf-E. Breuer's tenure at Deutsche Bank significantly impacted the banking-and-insurance industry, contributing to the growth of the bank and its recognition as a global player in finance. As a result of his strategic decisions, Deutsche Bank expanded its presence in capital markets through key acquisitions like Bankers Trust, and Breuer remains an influential figure in German business circles even post-retirement.
