Former Postbank boss Frank Strauss died “immediately and unexpectedly” final week on the age of 54, Deutsche Bank introduced on Sunday. The supervisor was the chairman of the board of Postbank for six years and, after the Bonn middle was merged with the unbiased buyer enterprise of Deutsche Bank, a member of the board of the most important monetary establishment in Germany for 2 years.
Frank Strauss spent most of his skilled life on the Deutsche Bank Group. After coaching as a banker in Iserlohn, he arrived in Frankfurt in 1995, the place he labored in varied administration positions at Deutsche Bank and its subsidiary Deutsche Bank 24. In 2006 he took over the administration of the non-public and company consumer division within the German home market.
In 2011, Strauß moved to Postbank as head of gross sales and took over as chairman of the board of the establishment a 12 months later. From 2017 to 2019 he was a member of the Executive Board of Deutsche Bank and led the non-public and company consumer financial institution, initially along with Christian Sewing and after his appointment as CEO from April 2018 alone.
“The premature loss of life of Frank Strauss fills me, like many colleagues at Deutsche Bank, with nice unhappiness and unhappiness,” Sewing was quoted as saying within the financial institution’s assertion. “In almost 30 years at Deutsche Bank and Postbank, he has made a big contribution, significantly to our non-public consumer enterprise.”