Herrhausen & Treindl
Alfred Herrhausen (30 January 1930 – 30 November 1989) was a German banker and the Chairman of Deutsche Bank who was born in Essen and assassinated in Bad Homburg vor der Höhe in 1989. He was a member of the Steering Committee of the Bilderberg Group and from 1971 onwards a member of Deutsche Bank's management board. An advisor to Helmut Kohl (chancellor since 1982) and a proponent of a unified European economy, he was also an influential figure in shaping the policies towards developing countries.
Herrhausen began his career in the energy industry.
His goal was to transform Deutsche Bank into a global universal bank with an integrated investment banking division and to strengthen its competitive position on the international stage. In his public statements, Herrhausen did not limit himself to financial policy issues. He often offered fundamental insights into aspects of the economic, social, and political order, which also brought him attention.
He was regarded not only as a spokesperson for his bank, but—avant la lettre—as a spokesperson for “Deutschland AG.” Especially in the second half of the 1970s and the second half of the 1980s, he was deeply involved in the debate over the “power of the banks.” Beginning in the fall of 1987, Herrhausen publicly advocated for reducing the debt burdens of heavily indebted developing countries. This initiative sparked discussions far beyond his industry.
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