Jürgen Fitschen
Jürgen Fitschen | |
|---|---|
| Born | September 1, 1948 Harsefeld, Germany |
| Occupation | Banking executive |
| Years active | 1975–2016 (Deutsche Bank career until 2016) |
| Known for | Co-CEO of Deutsche Bank (2012–2016), President of the Association of German Banks (2013–2016) |
Jürgen Fitschen (born 1 September 1948 in Harsefeld, Germany), also spelled Juergen Fitschen in English contexts, is a German banking executive who held the position of co-CEO at Deutsche Bank between 2012 and 2016. He initially shared this leadership role with Anshu Jain until 2015, after which John Cryan became his counterpart. From 2013 to 2016, Fitschen also served as president of the Association of German Banks.
Education
Fitschen completed his secondary education at Athenaeum Stade before pursuing studies in Economics and Business Administration at the University of Hamburg. He graduated in 1975, earning a master's degree in Business Administration.
Citibank, 1975–1987
Between 1975 and 1987, Fitschen was employed by Citibank, undertaking various positions based in Hamburg and Frankfurt am Main. In 1983, he was appointed to Citibank’s Executive Committee for Germany.
Deutsche Bank, 1987–2016
Fitschen joined Deutsche Bank in 1987 and occupied senior management roles throughout Asia, including assignments in Thailand, Japan, and Singapore. By 1997, he was part of the Global Corporates and Institutions Divisional Board in Frankfurt and relocated to London within the same division a year later. His appointment to Deutsche Bank's Group Board of Managing Directors came in 2001, where he directed Corporate and Investment divisions.
In 2002, Fitschen became a member of the Group Executive Committee. He advanced to Head of Regional Management globally and CEO Germany in 2005. Additionally, he chaired the Management Committee Germany and joined the Deutsche Bank Management Board in 2009.
Deutsche Bank announced in 2011 that Fitschen would serve as co-CEO alongside Anshu Jain starting from 2012.
In December 2012, Fitschen was subject to an investigation concerning alleged sales tax evasion dating back to 2009. After a significant raid on Deutsche Bank’s headquarters, he voiced concerns about potential reputational harm to the bank to Hesse’s minister-president.
His contract was extended by two years in 2013, with his remuneration reaching €6.66 million by the year 2014.
In 2014, prosecutors in Munich charged Fitschen along with former executives for attempted trial fraud connected to false testimony during litigation over the collapse of the Kirch Group, a client of Deutsche Bank. They were ultimately acquitted by 2016.
Following his departure from the co-CEO role, Fitschen continued at Deutsche Bank focusing on the German and Asian markets while maintaining strategic relationships with major corporate clients.
Corporate boards
- ESG Book, Advisory Board Member (since 2021)
- Schott AG, Member of the Supervisory Board (since 2012)
- Metro AG, Supervisory Board Member (since 2008)
- Vonovia, Chairperson of the Supervisory Board (2018–2023)
- Ceconomy, Chairperson of the Supervisory Board (2017–2020)
- Kuehne + Nagel International AG, Director on the Board (2008–2019)
Non-profit organizations
- Trilateral Commission, Member within the European Group