Josef Ackermann

Josef Ackermann
Ackermann at the World Economic Forum annual meeting in 2012
Born	Josef Meinrad Ackermann (1948-02-07) 7 February 1948 (age 69) Walenstadt, Canton of St. Gallen
Nationality	Swiss
Alma mater	University of St. Gallen
Occupation	Banker
Employer	Deutsche Bank (CEO, 2002-2012) Bank of Cyprus (Chairman)

Josef Meinrad Ackermann (born 7 February 1948) is a Swiss banker and former chief executive officer of Deutsche Bank. He has also been the member of the influential Washington-based financial advisory body, the Group of Thirty.

He was born in Walenstadt,Canton of St. Gallen, Switzerland, raised in Mels in a Catholic home, and is a graduate of the University of St. Gallen (HSG). After studying economics and social Sciences at the University of St. Gallen in Switzerland, he continued his time there as a research assistant at the Department of Economics and went on to receive a doctorate in the subject.

Ackermann agreed at the end of 2009 to continue as chief executive of Deutsche Bank for another three years until 2013. At the annual shareholder meeting in late May 2012, he "handed over the CEO baton" to co-CEOs Anshu Jain and Juergen Fitschen.

According to the Financial Times Deutschland Ackerman earned €9.4 million in 2009 and €8.8 million in 2010. His included bonus in 2009 was €8.2 million and €7.1 million in 2010. He is a member of the Steering Committee of the Bilderberg Group.

Other positions held:

Days after retirement and on the eve of a conference call by G7 finance ministers and central bank governors on the continuing European debt crisis, Ackerman said in a speech to the Atlantic Council that "Germany will ultimately take whatever steps [are] necessary to keep the euro zone intact", according to one report. The country "is moving cautiously because it simply fears that countries on the European periphery will stop reform measures if they see that Berlin is going to guarantee everything", he continued.