Edson Mitchell
From Wikipedia, the free encyclopedia
Edson Mitchell | |
|---|---|
| Born | May 19, 1953 Portland, Maine, US |
| Died | December 22, 2000 (aged 47) near Rangeley, Maine, US[1] |
| Other names | Edson V. Mitchell |
| Education | MBA |
| Alma mater | Colby College Dartmouth's Ames Tuck School |
| Occupations | Investment banker, Executive former CEO of Deutsche Bank |
| Spouse | Suzan James |
| Children | 5 |
Edson Mitchell (May 19, 1953 – December 22, 2000) was an American investment banker and executive. He served as the head of Deutsche Bank's global markets organization. During his tenure, he transformed the bank into a major and highly profitable player in trading bonds, securities and foreign currencies. Mitchell was one of the first two Americans to be appointed to the nine-member management board of Deutsche Bank.[2][3] He was a descendant of Swedish immigrants.[4]
Mitchell was born on May 19, 1953, in Portland, Maine and raised in South Portland and Auburn. He went to Edward Little High School and later graduated with a degree in Economics from Colby College in 1975. He received an MBA from Dartmouth's Amos Tuck School in 1978.[3][5]
Career
Mitchell started his career in the banking industry in 1978, starting at Bank of America in Chicago before moving to New York to join Merrill Lynch in 1980. In 1995, he was recruited by Deutsche Bank to head its global markets organization in London. Under his leadership, the bank's global trading activities became highly profitable.[6]
In June 2000, Mitchell and his colleague, Michael Philipp, were appointed to Deutsche Bank's nine-member management board, making them the first two Americans to hold such positions.[3] Mitchell was expected to take over as the head of Deutsche Bank's investment banking group in 2002, succeeding Josef Ackermann.[7]
When Mitchell took over as chief executive officer of Deutsche Bank, the bank implemented several bold measures in investment banking, including the integration with London's Morgan Grenfell bank, divestment of corporate holdings, acquisition of top financial talent from competing banks and the purchase of US Bankers Trust in 1999. These strategic moves proved to be effective, positioning the bank as a major player in the financial sector.[8]
Books
In 2013, Death of an Investment Banker: A Moral History of the Financial Industry was published by Verlag Herder. It is written by Nils Ole Oerman, based on the life of Edson Mitchell. Originally it was written in German.[9]
- Nils Ole Oermann: Death of an investment banker: a moral history of the financial industry. Verlag Herder, Freiburg 2013, ISBN 978-3-451-30676-1.