Josef Ackermann


DEFINITION of 'Josef Ackermann'

Born in Switzerland in 1948, Ackermann earned his Ph.D. from Saint Gallen University and became chairman and CEO of Deutsche Bank. Early on, he was encouraged to go into both academic and military careers, but he began his career as a corporate banker with Credit Suisse in 1977. Ackermann introduced to Deutsche Bank a new shareholder-focused management style, helped the company expand internationally and increased its focus on investment banking.

BREAKING DOWN 'Josef Ackermann'

Ackermann has served on the boards of Bayer, Deutsche Lufthansa, Linde, Mannesman, Siemens, Zurich Financial Services and Royal Dutch Shell. He has also been a visiting professor at the London School of Economics and Johann Wolfgang Goethe University.

  1. Board Of Directors - B Of D

    A group of individuals that are elected as, or elected to act ...
  2. Chairman

    An executive elected by a company's board of directors that is ...
  3. C-Suite

    A widely-used slang term used to collectively refer to a corporation's ...
  4. Chief Executive Officer - CEO

    The highest ranking executive in a company whose main responsibilities ...
  5. Chair Of The Board - COB

    The most powerful member on the board of directors who provides ...
  6. Investment Banking

    A specific division of banking related to the creation of capital ...
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  1. How does investment banking differ from commercial banking?

    Investment banking and commercial banking are two primary segments of the banking industry. Investment banks facilitate the ... Read Full Answer >>
  2. What types of companies hire a chartered financial analyst (CFA)?

    The Chartered Financial Analyst, or CFA, program is a professional certification awarded by the CFA Institute. CFA candidates ... Read Full Answer >>
  3. What's the difference between investment banks and commercial banks?

    Investment banking and commercial banking are two divisions of the banking industry that provide substantially different ... Read Full Answer >>
  4. What are the major categories of financial institutions and what are their primary ...

    In today's financial services marketplace, a financial institution exists to provide a wide variety of deposit, lending and ... Read Full Answer >>
  5. Who facilitates buying and selling on the primary market?

    There are several important actors that facilitate buying and selling on the primary market, the home of initial public offerings ... Read Full Answer >>
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    The activities and types of clients for an investment bank versus those for a retail bank highlight the primary difference ... Read Full Answer >>

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