Enter multiple symbols separated by commas

Former Fed Chief Greenspan to Advise Deutsche Bank

Deutsche Bank said Monday that it is bringing in former U.S. Federal Reserve Chairman Alan Greenspan as an advisor to its investment banking unit.

Greenspan, 81, stepped down at the beginning of 2006 as Fed chairman, a post he held since 1987. He was replaced by Ben Bernanke.

He will serve Deutsche Bank as a senior advisor "to provide ongoing advice and insight to Deutsche Bank's investment banking team," the bank said in a statement.

Greenspan's "position as one of the architects of the modern financial system gives him a unique perspective from which to help our clients make critical risk management decisions," Deutsche Bank Chief Executive Josef Ackermann said.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video