Former Deutsche Bank boss Kopper has died

Status: 11/12/2021 3:27 p.m.

For decades he pulled the strings at important points of the economy: Ex-Deutsche Bank boss Kopper died at the age of 86. Not only will his achievements be remembered, but his “Peanuts” comment as well.

The former Deutsche Bank boss Hilmar Kopper is dead. The 86-year-old died on Thursday after a brief serious illness with his family, announced Germany’s largest financial institution in Frankfurt.

“With Hilmar Kopper, Deutsche Bank is losing one of its most formative personalities,” declared supervisory board chairman Paul Achleitner. Acting CEO Christian Sewing said: “Hilmar Kopper was closely connected to our bank throughout his professional life and beyond. He was a role model for our employees.”

At the top of the group until 1997

During his active time, Kopper, the son of a farmer from the West Prussian Oslanin, pulled the strings at important switching points of the German economy for decades: He was head of Deutsche Bank (1989-1997) and chief supervisor of the car manufacturer Daimler (1990-2007). Kopper took over the management of Deutsche Bank after the RAF assassination attempt on Alfred Herrhausen on November 30, 1989. He led the group until May 1997.

Kopper made the money house more international and promoted the expansion of investment banking through various takeovers. In the financial crisis of 2007/2008, the former profit machine investment banking turned out to be an expensive risk. Bonus excesses and billions in fines brought an entire business area into disrepute. In the meantime, the Deutsche Bank has evaporated the division.

50 million D-Marks were “peanuts” for him

Kopper became known beyond the bank through a flippant remark: The banker described open trade bills of more than 50 million D-Marks as “peanuts” as a result of the crash of Jürgen Schneider’s real estate empire. Critics rated this as arrogance, “Peanuts” became the “Unword of the Year” in 1994.


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November 12, 2021 • 4:29 pm

Basically that was true

Basically, Hilmar Kopper was of course right in his comment on the peanuts. But you shouldn’t say that so loudly. Rest in peace.

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