Josef Ackermann

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Definition of 'Josef Ackermann'

Josef Ackermann (born 29 March 1948) is a Swiss banker and businessman. He was the CEO of Deutsche Bank from 2002 to 2012.

Ackermann was born in Basel, Switzerland. He studied economics at the University of Basel and the University of St. Gallen. He began his career at Credit Suisse in 1971. He held various positions at Credit Suisse, including CEO of Credit Suisse First Boston from 1996 to 2002.

In 2002, Ackermann was appointed CEO of Deutsche Bank. He was credited with turning around the bank's fortunes and making it one of the world's leading financial institutions. However, he also faced criticism for his role in the 2008 financial crisis.

In 2012, Ackermann retired from Deutsche Bank. He has since served on the boards of several companies, including Credit Suisse, UBS, and Roche.

Ackermann is a controversial figure. He has been praised for his business acumen, but he has also been criticized for his role in the 2008 financial crisis. He remains a prominent figure in the world of finance.

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