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Josef Ackermann new president of Bank of Cyprus

Staff writer |
Nicosia, Cyprus - November 21, 2014, Nicosia, Cyprus - Former Deutsche Bank CEO Josef Ackermann was elected president of the board of directors of Bank of Cyprus (BOC).

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Mr. Ackermann was appointed a Non-executive Director of Royal Dutch Shell in May 2008. He started his professional career in 1977 at Schweizerische Kreditanstalt (SKA), where he held a variety of positions in corporate banking, foreign exchange/money markets, treasury and investment banking. In 1990, he was appointed to SKA's Executive Board, on which he served as President between 1993 and 1996.

Mr. Ackermann joined Deutsche Bank's Management Board in 1996 with responsibility for the investment banking division and, from 2006 and 2002 respectively until May 2012, he was Chairman of the Management Board and of the Group Executive Committee of Deutsche Bank AG.

Mr. Ackermann was Chairman of the Board of Directors of Zurich Insurance Group Limited and of Zurich Insurance Company Limited from March 2012 to August 2013 and a member of the Supervisory Board of Siemens AG from January 2003 to September 2013.

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