Christian Sewing

Christian Sewing is a prominent German banker who currently serves as the Chief Executive Officer (CEO) of Deutsche Bank, one of the world’s largest and most influential financial institutions. His leadership at Deutsche Bank has been marked by significant restructuring efforts and a focus on profitability following a period of turbulence for the bank.

Born in Bünde, Germany, in 1970, Sewing’s career with Deutsche Bank began in 1989 as an apprentice. His rise through the ranks is a testament to his dedication and capabilities. He held various positions within the bank, spanning across different divisions and geographic locations, including roles in risk management, lending, and sales. This diverse experience provided him with a comprehensive understanding of Deutsche Bank’s operations and challenges.

Prior to becoming CEO in April 2018, Sewing served as a member of the Management Board, responsible for the bank’s Private & Commercial Bank division. He was also responsible for wealth management, demonstrating his expertise in client-facing businesses. His appointment as CEO came at a critical juncture for Deutsche Bank, which was facing significant financial pressures, regulatory scrutiny, and reputational damage.

Upon assuming the role of CEO, Sewing embarked on an ambitious restructuring plan aimed at simplifying the bank’s operations, reducing costs, and improving profitability. A key component of this plan was the decision to exit the equities trading business, a move that signaled a strategic shift away from investment banking activities. This decision, while controversial, was deemed necessary to refocus the bank on its core strengths and improve its financial performance.

Sewing’s leadership has also focused on strengthening Deutsche Bank’s compliance and risk management capabilities. In the wake of numerous regulatory investigations and fines, he emphasized the importance of ethical conduct and adherence to regulatory standards. He has actively worked to rebuild trust with regulators, shareholders, and the public.

Under Sewing’s leadership, Deutsche Bank has made progress in improving its financial performance. The bank has reported several quarters of profitability and has made strides in reducing its cost base. However, challenges remain, including navigating a complex regulatory landscape and competing with other global financial institutions.

Sewing’s management style is often described as pragmatic and focused. He is known for his direct communication style and his emphasis on accountability. He has consistently stressed the importance of teamwork and collaboration in achieving Deutsche Bank’s strategic goals. His focus remains on delivering sustainable profitability and creating long-term value for shareholders.

Christian Sewing’s tenure as CEO of Deutsche Bank is a story of transformation and resilience. He inherited a bank facing significant headwinds and has navigated these challenges with determination and a clear vision for the future. While the journey is ongoing, his efforts have laid the foundation for a more stable and profitable Deutsche Bank.