FRANKFURT, Nov 1 (Reuters) – Deutsche Financial institution (DBKGn.DE) has created a brand new physique to advise its prime administration to be overseen by the German lender’s former chair Paul Achleitner, the financial institution mentioned on Tuesday.
Different members of the six-person “international advisory board” embrace former U.S. Secretary of State Henry Kissinger, former Google (GOOGL.O) chief govt Eric Schmidt and former PepsiCo (PEP.O) chair and CEO Indra Nooyi.
The financial institution mentioned the aim of the group is to “advise the administration board on basic macroeconomic, geopolitical and technological developments which have a major influence on the financial institution’s working surroundings”.
The group meets on Tuesday in New York for the primary time and can convene formally twice a 12 months, although they’re out there for session between conferences.
Achleitner, whose 10-year reign as chairman of the supervisory board concluded earlier this 12 months, mentioned the advisers will “develop concepts and proposals” on navigating the financial surroundings, managing dangers and seizing alternatives.
Reporting by Tom Sims
Enhancing by Paul Carrel
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