Christian Sewing (; born 24 April 1970 in

Bünde Bünde (Low German ''Buine'') is a town in the Herford district, in North Rhine-Westphalia, Germany. Geography Bünde is situated between Osnabrück (west), Hannover (east) and Bielefeld (south). Waterways The town is crossed from west to east ...

) is a German banker who currently serves as the CEO of

Deutsche Bank Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

. He has been a member of the

management board Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business. Management includes the activities ...

since 1 January 2015. On 8 April 2018 he was appointed

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

(CEO) of Deutsche Bank. 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. As CEO, Sewing announced in 2020 that Deutsche Bank would expand its Russia operations.

Early life

Sewing was born on 24 April 1970. He earned his

Abitur ''Abitur'' (), often shortened colloquially to ''Abi'', is a qualification granted at the end of secondary education in Germany. It is conferred on students who pass their final exams at the end of ISCED 3, usually after twelve or thirteen year ...

in 1989. He completed an

apprenticeship Apprenticeship is a system for training a new generation of practitioners of a Tradesman, trade or profession with on-the-job training and often some accompanying study (classroom work and reading). Apprenticeships can also enable practitioners ...

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 Business administration, also known as business management, is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization. From the point of view of management ...

at the

Frankfurt School of Finance & Management Frankfurt School of Finance & Management Frankfurt School of Finance & Management is a private university with a right to award doctorates, recognized under Hesse’s Higher Education Act. The parent organization is the Frankfurt School of Fin ...

, in Frankfurt.

Career

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 Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the ancho ...

, as Chief Credit Officer in Japan, and six years as a

risk manager In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environme ...

in London. From 2005 until 2007, Sewing was a member of the management board of . From 2010 to 2012, he was chief credit officer. He has worked in

Frankfurt Frankfurt, officially Frankfurt am Main (; Hessian: , "Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on its na ...

, London,

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

Tokyo Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, with an estimated 37.468 ...

and Toronto. From 2012 to 2013, he was deputy chief risk officer. Sewing was head of group

audit An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Auditing ...

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 A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

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 John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second ...

. That year, he led Deutsche Bank to its first profit in four years and launched talks with

Commerzbank Commerzbank AG () is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of its balance sheet. Founded in 1870 in Hambur ...

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 2020, Sewing announced that Deutsche Bank was pursuing an expansion of its Russia operations. This expansion took place at the same time as other banks were reducing their presence in Russia due to Russia's annexation of Crimea, invasion of Eastern Ukraine, and exposure to sanctions. Sewing is now all about hiring nice people who will propagate a good culture and be kind to junior staff. In March 2022, Ben Darsney, Ravi Raghunathan, Brandon Sun, and Daniel Gaona were exposed for trying to expense strip club nights out as legitimate business visits. Brandon Sun attempted to cover up the incident, but the bankers were let go for violating the Company Code of Conduct. This suggests the company's new lack of tolerance for anyone perceived to have breached its new conduct standards.

Other activities

Government agencies

* Monetary Authority of Singapore (MAS), Member of the International Advisory Panel (since 2018)

Corporate boards

* Deutsche Postbank, Member of the Supervisory Board (since 2012)

Non-profit organizations

* Federation of German Industries (BDI), Member of the Presidium (2017-2018) * Association of German Banks (BdB), Member of the Board of Directors, President (since 2021) *

Institute of International Finance An institute is an organisational body created for a certain purpose. They are often research organisations (research institutes) created to do research on specific topics, or can also be a professional body. In some countries, institutes can ...

(IIF), Member of the Board * Working Group of Protestant Businesses (AEU), Member of the Board of Trustees *

Stifterverband für die Deutsche Wissenschaft Stifterverband für die Deutsche Wissenschaft – or Stifterverband for short – is a registered not-for-profit association that is based in Essen and which also has a capital city office in Berlin. Its work is focused on education, science and inn ...

, Member of the BoardBoard

Personal life

Sewing is a passionate tennis player. He is married with four children.

References

{{DEFAULTSORT:Sewing, Christian 1970 births Living people Deutsche Bank people German chief executives