Christian Sewing

Sewing was born on 24 April 1970. He earned his Abitur in 1989. He completed an apprenticeship programme at Deutsche Bank in Bielefeld,[2] graduating with a banking qualification from the Chamber of Industry and Commerce in 1991. He then studied business administration at the Frankfurt School of Finance & Management, in Frankfurt .

Sewing first worked in the branches of Deutsche Bank as a 19-year-old trainee in Bielefeld[3] and Hamburg, then as a junior corporate client advisor in Toronto, as Chief Credit Officer in Japan, and six years as a risk manager in London. From 2005 until 2007, Sewing was a member of the management board of Deutsche Genossenschafts-Hypothekenbank.

From 2010 to 2012, he was chief credit officer. He has worked in Frankfurt, London, Singapore, Tokyo and Toronto.[4] From 2012 to 2013, he was deputy chief risk officer. Sewing was head of group audit from June 2013 to February 2015, prior to which he held a number of management positions in risk management. From January 2016, Sewing oversaw Deutsche Bank's private and commercial banking division, which includes the lender's network of German retail branches, but has a low profile outside of Germany.[5] He earned 2.9 million euros for 2017.[6]

On 8 April 2018, Sewing became CEO at Deutsche Bank, replacing John Cryan.[7] That year, he led Deutsche Bank to its first profit in four years and launched talks with Commerzbank on a potential merger.[8] After his first year, his 7 million euro compensation made him one of the best paid chief executives in European banking.[9] As of September, Christian will spend 15% of his monthly net salary buying the German lender’s shares as part of his efforts to revive the bank's profitability. [10]

Sewing was the head of Deutsche Bank's audit division during Deutsche Bank's $10 billion money-laundering scandal involving its Moscow operations. The auditing division gave its Moscow office a clean bill of health, despite serious irregularities.[11] According to the terms of Deutsche Bank's settlement with the SEC, Sewing must “annually certify that the German lender is adhering to a recent settlement in which U.S. authorities fined the firm for violating swaps reporting rules.”[12] This change could hold Sewing criminally liable for future violations by the bank.[13]

Sewing is a passionate tennis player.[20] He is married with four children.[21]