Koch-Weser to join Deutsche Bank as Vice Chairman
Koch-Weser, 61, a German and Brazilian national, will act as a non-executive senior advisor to the Group Executive Committee and the bank's clients on financial, economic and strategic developments, and will represent the bank in key public forums worldwide.
For the last six years, Koch-Weser was Deputy Finance Minister for Germany and, since 2002, Chairman of the Supervisory Board of the German Federal Financial Supervisory Authority (BaFin). As Deputy Minister, Koch-Weser was responsible for international finance, European economic and financial affairs, money and credit (capital markets, banking and insurance).
At a European level, Koch-Weser was in 2003 elected and served as Chairman of the European Economic and Financial Committee of the Ecofin/Euro Group of Finance Ministers. From 1999, Koch-Weser was Finance Deputy of the G7 and Deputy for Germany of the G20.
"Caio brings a wealth of experience in government affairs, international finance and global economics. He will be a valuable asset to the bank and its clients," said Ackermann.
Before his governmental duties, Koch-Weser spent 25 years at the World Bank, most recently as Managing Director of Operations, based in Washington. He was also Chairman of the World Bank Policy Committee and a member of the Executive Management Committee.
During his time at the World Bank, Koch-Weser worked in all regions of the world. Among his senior assignments in Asia, Latin America, East Europe, the Middle East and Africa, he was instrumental in developing the World Bank's China programme in the 1980s, working with the Chinese government on strategy for shifting China to a market-based economy.
At Deutsche Bank, Koch-Weser will be based in London.
For further information, please call:
Deutsche Bank Press and Media Relations
Alfredo Flores + 49 69 910 47300
Jezz Farr + 44 20 754 57506
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