The former Postbank boss Frank Strauß has died. Strauß died last week “suddenly and unexpectedly” at the age of 54, Deutsche Bank announced on Sunday. The manager was CEO of Postbank for six years and, after the Bonn-based institute was integrated into Deutsche Bank’s private customer business, was a member of the board of the largest German bank for two years. Frank Strauß spent a large part of his professional life in the Deutsche Bank Group.
After training as a banker in Iserlohn, he came to Frankfurt in 1995, where he worked in various management positions at Deutsche Bank and its then subsidiary Deutsche Bank 24. In 2006, he took over the management of the private and commercial customer division in the German home market. In 2011, Strauß moved to Postbank as Chief Sales Officer and took over as CEO of the institute a year later. From 2017 to 2019, he was a member of Deutsche Bank’s Group Executive Board and headed the private and commercial customer bank, initially together with Christian Sewing and, after his appointment as CEO from April 2018, alone.
“The far too early death of Frank Strauß fills me, as well as many colleagues at Deutsche Bank, with dismay and deep sadness,” Sewing was quoted as saying in the bank’s statement. “In almost 30 years at Deutsche Bank and Postbank, he made a great contribution, particularly to our private customer business.”