Bank supervisor: Former Postbank boss Frank Strauß dies at 54 | EUROtoday

Status: 20:53 | Reading time: 2 minutes

DThe former Postbank boss Frank Strauß has died. Strauß died final week “suddenly and unexpectedly” on the age of 54, Deutsche Bank introduced on Sunday. The supervisor was CEO of Postbank for six years and, after the Bonn-based institute was built-in into Deutsche Bank's personal banking enterprise, was a member of the board of the most important German financial institution for 2 years. A lawyer for the household, Matthias Prinz, stated Strauß had handed away peacefully. He leaves behind a spouse and two youngsters.

Frank Strauß spent a big a part of his skilled life within the Deutsche Bank Group. After coaching as a banker in Iserlohn, he got here to Frankfurt in 1995, the place he labored in numerous administration positions at Deutsche Bank and its then subsidiary Deutsche Bank 24. In 2006, he took over the administration of the personal and enterprise buyer division within the German residence market. Strauß additionally grew to become often known as knowledgeable ice hockey participant.

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In 2011, Strauß moved to Postbank as Chief Sales Officer and took over as CEO of the institute a 12 months later. From 2017 to 2019, he was a member of Deutsche Bank's Executive Board and headed the Private and Corporate Banking division, initially along with Christian Sewing and, after his appointment as CEO in April 2018, alone.

“The untimely death of Frank Strauß fills me, as well as many colleagues at Deutsche Bank, with dismay and deep sadness,” Sewing was quoted as saying within the financial institution's assertion. “In almost 30 years at Deutsche Bank and Postbank, he made a great contribution, particularly to our private customer business.”