
Christian Sewing
German banker (born 1970)
Christian Sewing (German pronunciation: ['krɪsti̯an 'ze:vɪŋ]; 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 2018.2
From Wikipedia’s article on Christian Sewing (this version), CC BY-SA 4.0.
Born Apr 22, 1970.1
About
Sewing was the head of Deutsche Bank's audit division during its $10 billion money-laundering scandal involving its Moscow operations. The auditing division gave its Moscow office a clean bill of health, despite serious irregularities.
From Wikipedia’s article on Christian Sewing, shared under CC BY-SA 4.0.2
Companies
- Deutsche BankBoard member 2015 to now9
- Deutsche BankChief executive officer9
- Federal Association of German BanksBoard member10
Early life and education
Sewing was born on 24 April 1970. He earned his Abitur in 1989. He completed an apprenticeship programme at Deutsche Bank in Bielefeld, graduating with a banking qualification from the Chamber of Industry and Commerce in 1991. He then studied business administration at the Frankfurt School of Finance & Management, in Frankfurt.
From Wikipedia’s article on Christian Sewing (this version), CC BY-SA 4.0.
Career
Occupation: manager, banker, business manager, chairperson of the executive board, bank teller, chief executive officer.6
- Since 2015Board member, Deutsche Bank5
- Date not recordedChief executive, Deutsche Bank3
- Date not recordedBoard member, Federal Association of German Banks4
Sewing first worked in the branches of Deutsche Bank as a 19-year-old trainee in Bielefeld and Hamburg, then as a junior corporate client advisor in Toronto, as Chief Credit Officer in Japan, and six years as a risk manager in London. From 2005 until 2007, Sewing was a member of the management board of Deutsche Genossenschafts-Hypothekenbank.
From 2010 to 2012, he was chief credit officer. He has worked in Frankfurt, London, Singapore, Tokyo and Toronto. From 2012 to 2013, he was deputy chief risk officer. Sewing was head of group audit from June 2013 to February 2015, prior to which he held a number of management positions in risk management. From January 2016, Sewing oversaw Deutsche Bank's private and commercial banking division, which includes the lender's network of German retail branches, but has a low profile outside of Germany. He earned 2.9 million euros for 2017.
On 8 April 2018, Sewing became CEO at Deutsche Bank, replacing John Cryan. That year, he led Deutsche Bank to its first profit in four years and launched talks with Commerzbank on a potential merger. After his first year, his 7 million euro compensation made him one of the best paid chief executives in European banking. As of September, Christian will spend 15% of his monthly net salary buying the German lender's shares as part of his efforts to revive the bank's profitability.
Sewing was the head of Deutsche Bank's audit division during Deutsche Bank's $10 billion money-laundering scandal involving its Moscow operations. The auditing division gave its Moscow office a clean bill of health, despite serious irregularities. According to the terms of Deutsche Bank's settlement with the SEC, Sewing must "annually certify that the German lender is adhering to a recent settlement in which U.S. authorities fined the firm for violating swaps reporting rules." This change could hold Sewing criminally liable for future violations by the bank.
In 2022, under the orders of Deutsche Bank's supervisory board, Sewing and 10% of the senior staff took an overall €1 million reduction in pay due to the bank's missing targets. Sewing received a €145,000 cut to his bonus, as the supervisory board, led by Alexander Wynaendts, revealed that the bank met just 64% of its government, social, and governance targets.
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Corporate boards
Deutsche Postbank, Member of the supervisory board (since 2012)
From Wikipedia’s article on Christian Sewing (this version), CC BY-SA 4.0.
Personal life
- BornApr 22, 1970, Bünde7
Sewing is a passionate tennis player. He is married and has four children.
From Wikipedia’s article on Christian Sewing (this version), CC BY-SA 4.0.
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataChristian Sewing on Wikidata
- 2WikipediaChristian Sewing on Wikipedia
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- 9WikidataDeutsche Bank, Board member
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- 11Wikimedia CommonsChristian Sewing photo by World Economic Forum, CC BY 3.0