Former Deutsche Bank CEO Rolf Breuer passes away
Breuer, who led Deutsche Bank from 1997 to 2002, passed away on Wednesday at the age of 86.
Breuer spent almost his entire career at Deutsche Bank, joining the company in 1962 and rising through the ranks to become CEO in 1997. During his tenure as CEO, Breuer oversaw the bank's expansion into new markets and its acquisition of several other banks, including Bankers Trust in 1999.
Breuer was a controversial figure in the banking industry. He was criticized for his role in the bank's involvement in the subprime mortgage crisis, which led to the financial crisis of 2008. However, he was also credited with helping to stabilize the bank during the crisis and for his leadership in the aftermath of the crisis.
Breuer retired from Deutsche Bank in 2002 and remained active in the financial industry, serving on the boards of several companies, including Allianz and Munich Re.
Breuer's death is a significant loss for the financial industry. He was a visionary leader who helped to shape the modern banking industry. He will be remembered for his contributions to the industry and for his leadership during a time of great change.
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