Former Deutsche Bank CEO Rolf-Ernst Breuer Passes Away

Breuer, who led the bank for over a decade, died on Wednesday at the age of 86.

Breuer was a controversial figure during his time at Deutsche Bank, but he is also credited with helping to modernize the bank and make it a global player.

Rolf-Ernst Breuer, the former CEO and Chairman of Deutsche Bank, passed away on Wednesday at the age of 86. Breuer was a controversial figure during his time at Deutsche Bank, but he is also credited with helping to modernize the bank and make it a global player.

Breuer was born in Cologne, Germany in 1937. He studied law at the University of Cologne and then worked as a lawyer before joining Deutsche Bank in 1969. He quickly rose through the ranks of the bank, becoming CEO in 1989 and Chairman in 1997.

Under Breuer's leadership, Deutsche Bank became one of the largest and most successful banks in the world. He oversaw the bank's expansion into new markets, including the United States and Asia, and he helped to make Deutsche Bank a major player in investment banking.

Breuer was also a controversial figure. He was criticized for his close ties to the German government and for his support of the bank's risky lending practices. In 2002, Breuer was forced to resign from his position as Chairman after it was revealed that he had lied to regulators about the bank's financial condition.

Despite his controversies, Breuer is still widely regarded as one of the most important figures in the history of Deutsche Bank. He helped to transform the bank from a regional player into a global powerhouse, and he left a lasting legacy on the financial industry.