Stuart Lewis, Deutsche’s survivor, confronts Covid-19

CRO talks loan reserves, VAR breaches, and the lessons of a lurid past

Stuart Lewis
Photo: Deutsche Bank

Josef Ackermann, Anshu Jain, Juergen Fitschen, John Cryan, Christian Sewing – there have been five chief executives of Deutsche Bank during the bleak, bruising years since 2012, but only one chief risk officer (CRO). How has Stuart Lewis done it?

Some CROs would try to avoid answering that. Lewis – a straightforward, softly spoken Scot – takes it on.

“We do a good job of understanding financial risk. You saw that in 2008 and afterwards,” he says. “I think our biggest failing was on the non

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