Paul M. Achleitner (born 28 September 1956, in

Linz Linz ( , ; cs, Linec) is the capital of Upper Austria and third-largest city in Austria. In the north of the country, it is on the Danube south of the Czech border. In 2018, the population was 204,846. In 2009, it was a European Capital ...

) is an Austrian businessman who served as chairman of the supervisory board 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 St ...

from 2012 to 2022.

Education

Achleitner studied Business Administration, Economics, Law and Social Sciences at the University of St. Gallen, where he also earned his doctorate. He was also a visiting fellowship at

Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA ...

from 1982 to 1984.

Career

Early career

Achleitner worked for

Bain and Company Bain & Company is an American management consulting company headquartered in Boston, Massachusetts. The firm provides advice to public, private, and non-profit organizations. One of the Big Three management consultancies, Bain & Company was fou ...

and as the managing director of the German subsidiary of

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, Ho ...

. In 2000, Achleitner joined Allianz AG as chief financial officer, where he was primarily responsible for finance and investments. He left Allianz in 2012.

Deutsche Bank, 2012–2022

after his appointment to the chairman of the supervisory board of Deutsche Bank. He retained the support of the bank's biggest shareholder, Qatari Sheikh

Hamad bin Jassim bin Jaber Al Thani Sheikh Hamad bin Jassim bin Jaber bin Mohammed bin Thani Al Thani ( ar, حمد بن جاسم بن جبر آل ثاني; born 1959), also known informally by his initials HBJ, is a Qatari politician. He was the Prime Minister of Qatar from 3 April ...

, and, in 2017, shareholders backed Achleitner's re-election to a second five-year term. From 2018 until 2020, he faced for three years in a row a vote to remove him from his post. Through his time in office, he oversaw multiple CEO changes, including Anshu Jain (2012-2015),

Jürgen Fitschen Jürgen Fitschen (born 1 September 1948 in Harsefeld, Germany), sometimes rendered ''Juergen Fitschen'' in English, is a German banker who served as co-CEO of Deutsche Bank from 2012 to 2016. He served alongside Anshu Jain until 2015 and John Cr ...

(2012-2016), John Cryan (2015-2018) and Christian Sewing (2018–2022).Hans Seidenstuecker (October 8, 2019)
Deutsche Bank's chairman best paid among German blue chips in 2018
''

Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was est ...

''. According to various surveys, Achleitner was the highest paid supervisory board head at Germany's 30 biggest listed companies that make up the benchmark DAX index between 2016 and 2018. In August 2019 alson, he bought nearly 1 million euros of the bank's shares. In Munich, he shares an office with his wife Ann-Kristin Achleitner,

Michael Diekmann Michael Diekmann (born December 23, 1954) is a German manager who served as the CEO of Allianz in between 2003 and 2015. Early life and education Diekmann knew early that the family construction business would go to his twin brother, who was mor ...

, Joachim Faber and

Peter Löscher Peter Löscher (born 17 September 1957 in Villach, Austria) is an Austrian manager who was the CEO of Siemens from 2007 until 2013. As of 2017, Löscher remains as the only CEO to be hired from outside the conglomerate in the 170-year history ...

Other activities

Achleitner is an honorary professor of the WHU - Otto Beisheim School of Management in

Vallendar Vallendar is a town in the district Mayen-Koblenz, in Rhineland-Palatinate, Germany. It is situated on the right bank of the Rhine, approx. 4 km north-east of Koblenz. Vallendar is the seat of the ''Verbandsgemeinde'' ("collective municipali ...

, Germany, where he teaches a course in investment banking. He is also head of the Exchange Expert Commission, and a member of the German federal commission for the German

Corporate Governance Corporate governance is defined, described or delineated in diverse ways, depending on the writer's purpose. Writers focused on a disciplinary interest or context (such as accounting, finance, law, or management) often adopt narrow definitions ...

Code.

Corporate boards

, Chair of the Global Advisory Board (since 2022) * Hakluyt & Company, Member of the International Advisory Board (since 2022) *

Bayer AG Bayer AG (, commonly pronounced ; ) is a German multinational pharmaceutical and biotechnology company and one of the largest pharmaceutical companies in the world. Headquartered in Leverkusen, Bayer's areas of business include pharmaceutica ...

, Member of the Supervisory Board (since 2002) * Henkel AG & Sons, Member of the Shareholders' Committee (since 2001), Member of the Finance Subcommittee * Daimler, Member of the Supervisory Board (2010-2020) *

RWE AG RWE AG is a German multinational energy company headquartered in Essen. It generates and trades electricity in Asia-Pacific, Europe and the United States. The company is Europe's most climate threatening Company, the world's number two in offsh ...

, Member of the Supervisory Board (2000-2013)

Non-profit organizations

* Alfred Herrhausen Gesellschaft of

, Chairman of the Board of Trustees *

Bilderberg Group The Bilderberg meeting (also known as the Bilderberg Group) is an annual off-the-record conference established in 1954 to foster dialogue between Europe and North America. The group's agenda, originally to prevent another world war, is now defi ...

, Treasurer and Member of the Steering Committee *

Bocconi University Bocconi University ( it, Università Commerciale Luigi Bocconi, ) is a private university in Milan, Italy. Bocconi provides education in the fields of economics, finance, law, management, political science, public administration and comput ...

, Member of the International Advisory Council *

European Financial Services Roundtable The European Financial Services Round Table (EFR) brings together chairmen and chief executives of leading European banks and insurance companies. The purpose of the EFR is to contribute to the European public policy debate on issues relating to fi ...

(EFR), Chairman *

Brookings Institution The Brookings Institution, often stylized as simply Brookings, is an American research group founded in 1916. Located on Think Tank Row in Washington, D.C., the organization conducts research and education in the social sciences, primarily in e ...

, Member of the Board of Trustees (since 2013) *

Munich Security Conference The Munich Security Conference (MSC; german: Münchner Sicherheitskonferenz) is an annual conference on international security policy that has been held in Munich, Bavaria, Germany since 1963. Former names are ''Wehrkundetagung'' and ''Münchner ...

, Member of the Advisory Council

Personal life

He is married to Ann-Kristin Achleitner, a professor of business at Technische Universität München.

References

External links

Resume of Dr. Paul Achleitner
{{DEFAULTSORT:Achleitner, Paul Living people 1956 births German bankers Harvard Business School alumni University of St. Gallen alumni Members of the Steering Committee of the Bilderberg Group Austrian emigrants to Germany People from Linz Deutsche Bank people