German-Bank-chief: Sewing should be in the spring of a new Bank President

the Chairman of The Board of Deutsche Bank, Christian Sewing, will be in spring 2021 is the new President of the Federal Association of German banks (BdB). How

German-Bank-chief: Sewing should be in the spring of a new Bank President

the Chairman of The Board of Deutsche Bank, Christian Sewing, will be in spring 2021 is the new President of the Federal Association of German banks (BdB). How the f. learned A. Z. from the Association of private banks, has agreed to Sewing ready for it. A spokesman for the German Bank did not want to comment on this.

Markus Frühauf

editor in the economy.

F. A. Z. Twitter

Martin Zielke has been with a view to its no later than the end of the year success resignation as Chairman of the Board, Commerzbank is now also his office as Bank President, he is just 22. April had begun, provided. Until the spring of his predecessor, Hans-Walter Peters, head of Hamburg-based Berenberg Bank, will take on the BdB-top.

"With the German EU presidency is an important time ahead of us, in the it comes to important decisions for the European economy. We, the banks want us to be involved in this determination, and Europe,“ said Peters after his election at the extraordinary Board meeting of the Bank Association on Tuesday.

a Surprising change of opinion

The change of mind of Sewing comes as a surprise. Addressed to the office of the banking Association, he had flagged so far, and said that he wanted to focus on the Transformation and renovation of the Deutsche Bank. Because of the priority in the coming months, for him, takes Peter's, on a transitional basis, the office which he had exercised from 2016 to 2020.

For a longer period of time Peters is apparently available, he will switch on the end of the year from the operational management of the Board of Directors of Berenberg Bank. At present, banks are facing difficult times, as a result of the Corona-crisis, a wave of insolvencies of companies and house threatens to keep. The is also expected to meet a large, in the international capital markets active institution such as Deutsche Bank, even if not as strong as little, to your regions limited houses.

in addition to big banks such as Deutsche Bank, Commerzbank, Hypo-Vereinsbank, or ING, even a small Regional and private banks to the members of the banking Association. Also, Berenberg Bank from Peters is one of the major banks, however, the wealthy customer-facing house has expanded in the past few years capital market business.

Updated Date: 12 August 2020, 10:19

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