Dombret - Too Big to Fail III: Structural Reform Proposals: Should We Break Up the Banks?

Dr. Paul Achleitner

Born 1956 in Linz, Austria, Paul Achleitner was educated at the University of St. Gallen (HSG) and Harvard Business School (HBS). He holds a Ph.D. from HSG and an honorary professorship from WHU Otto Beisheim School of Management. After four years at Bain & Co. in Boston he joined Goldman Sachs in 1988 where he served in New York, London and Frankfurt in various capacities, since 1994 as a partner of the firm. Between 2000 and 2012 Paul Achleitner was CFO of Allianz in Munich.

Besides chairing the Supervisory Board of Deutsche Bank Paul Achleitner serves on the Supervisory Board of Bayer and Daimler as well as on the Shareholders Committee of Henkel. He also chairs the German Government Commission of Capital Markets Experts and is a member of the International Advisory Board of Allianz, the Board of Trustees of the Brookings Institution, the European Advisory Board of the Harvard Business School and the Advisory Council of the Munich Security Conference. Since 2013, he is Co-Chairman of the Hong Kong/Europe Business Council.

Paul Achleitner is married to Professor Ann-Kristin Achleitner. They have three children.

Prof. Dr. Andreas Cahn

Andreas Cahn studied law at the Johann Wolfgang Goethe-University Frankfurt/ Main and at the University of California at Berkeley, where he earned an LL.M. After his Second State Examination in Frankfurt he worked for 6 years as a research assistant at the University of Frankfurt. During this period of time he wrote his doctoral thesis on problems of managers liability (published in 1996) as well as his post-doctoral thesis on legal aspects of intra-group financing (published in 1998).

In 1996 he took up the Chair of Civil Law, Commerce Law and Corporate Law at the University of Mannheim. Since October 2002 he is Director of the Institute for Law and Finance at Goethe-University in Frankfurt. He has published extensively on corporate law, capital markets law, the law of products liability, general civil law as well as on civil procedure. He is co-publisher of Der Konzern, a law journal focusing on company law, taxation and accounting of corporate groups, of Corporate Finance law, a journal with a focus on current legal issues corporate finance, co-editor of the Institute for Law and Finance Series and member of the editorial board of the law journal European Company Law.

Miguel de la Mano

Miguel de la Mano is currently Head of Economic Analysis of Financial Markets at DG Internal Market since mid-2012. His team of specialised economists provides support in the analysis of complex economic or financial issues related to regulatory initiatives in the areas of financial markets, free movement of capital, corporate governance, banking, asset management and insurance. He actively engages with external stakeholders, including the academic community, practitioners and related regulatory institutions or agencies with the goal of identifying fault lines, monitoring early warning indicators, and facilitating a targeted and timely regulatory response to endogenous and exogenous risks to the EU financial system.

Prior to his current assignment Miguel was a member of the Chief Economist Team at DG Competition since its inception in 2003. He was appointed Deputy Chief Economist in early 2009. From October 2011 to May 2012 he was Acting Chief Economist at the UK Competition Commission. He has co-drafted various guidelines setting out the European Commissions analytical framework in competition enforcement. As a competition policy enforcer he was closely involved in dozens of in-depth merger and antitrust investigations, both during the administrative and court proceedings and has co-drafted multiple prohibition decisions. He has written extensively in particular for internal policy development. He completed graduate studies in economics at the Institute for World Economics in Kiel, Germany, and the European Institute at Saarbrucken University, Germany. He conducted his PhD research at Oxford University, UK. He joined the European Commission in 2000.

Dr. Andreas Dombret

Dr. Andreas Dombret was born in the USA to German parents. He studied business management at the Westflische Wilhelms University in Mnster and was awarded his PhD by the Friedrich-Alexander University in Erlangen-Nuremberg. From 1987 to 1991, he worked at Deutsche Banks Head Office in Frankfurt, from 1992 to 2002 at JP Morgan in Frankfurt and London, from 2002 to 2005 as the Co-Head of Rothschild Germany located in Frankfurt and London, before serving Bank of America as Vice Chairman for Europe and Head for Germany, Austria and Switzerland between 2005 and 2009. He was awarded an honorary professorship from the European Business School in Oestrich-Winkel in 2009. Since May 2010, he has been a member of the Executive Board of the Deutsche Bundesbank with currently responsibility for Banking and Financial Supervision, Risk Control and the Bundesbanks Representative Offices abroad. He is also responsible for G7, G20 and IMF (Deputy of the Bundesbank), Supervisory Board (SSM) (Member), Basel Committee on Banking Supervision (BCBS) (Member of the Bundesbank) and Bank for International Settlements, Basel (Board of Directors).

Douglas Elliott

Mr. Elliott is a Fellow in Economic Studies at The Brookings Institution. A financial institutions investment banker for two decades, principally at J.P. Morgan, he was the founder and principal researcher for the Center On Federal Financial Institutions, a think tank devoted to the analysis of federal lending and insurance activities. At Brookings, he focuses primarily on financial institutions and markets and their regulation. He has written extensively on bank regulation and on international coordination of financial regulation (see http://www.brookings.edu/experts/elliottd.aspx )

Mr. Elliotts work as a financial institutions investment banker over two decades has given him a wide-ranging and deep understanding of the industry. He has researched financial institutions or worked directly with them as clients in a range of capacities, including as: an equities analyst, a credit analyst, a mergers & acquisitions specialist, a relationship officer, and a specialist in securitizations. His work encompassed banks, insurers, funds management firms, and other financial institutions. In addition to 14 years at J.P. Morgan, Mr. Elliott worked as an investment banker with Sanford Bernstein, Sandler ONeill, and ABN AMRO.

A deep interest in public policy led him to found the Center On Federal Financial Institutions (COFFI) in 2003. COFFI focused on providing objective analyses of the federal governments 100 %-owned financial institutions.

He has testified before both houses of Congress and participated in numerous speaking engagements, as well as appearing widely in the major media outlets. The New York Times referred to his analyses at COFFI as refreshingly understandable and without a hint of dogma or advocacy.

Mr. Elliott graduated from Harvard College magna cum laude with an A.B. in Sociology in 1981. In 1984, he graduated from Duke University with an M.A. in Computer Science.

Simon Gleeson

Simon Gleeson joined Clifford Chance in 2007 as a partner in the firms Financial Regulation group, where he specialises in financial markets law and regulation. He has advised Governments, regulators and public bodies as well as banks, investment firms, fund managers and other financial institutions on a wide range of regulatory issues. He advised the World Economic Forum on their report on their 2009 Report on The New Global Financial Architecture, and has worked with regulators and governments around the world on the establishment of regulatory regimes. He has been a member of the Financial Markets Law Committee, chairs the Institute of International Finances Committee on Cross-Border Bank Resolution, has written numerous books and articles on financial regulation, and is the author of International Regulation of Banking, recently published by Oxford University Press.