No industry is immune to the global, cyclical and structural changes reshaping the world economy.
Chairs of the World Economic Forum Governors Meetings each share their industry's evaluation of the most important challenges and opportunities in 2010.
Bio
Dr. Josef Ackermann
Dr. Josef Ackermann is Chairman of the Management Board and the Group Executive Committee of Deutsche Bank.
He studied Economics and Social Sciences at the University of St. Gallen, and in 1977 - after obtaining his doctorate - he joined Schweizerische Kreditanstalt (SKA). In 1990, Ackermann was appointed to the Executive Board of SKA, becoming its President in 1993.
In 1996, Ackermann joined the Management Board of Deutsche Bank, where he was responsible for the investment banking division. In 2002, he became Spokesman of the Management Board and Chairman of the Group Executive Committee. He was appointed Chairman of the Management Board on February 1, 2006. Under his leadership, the investment banking business became one of Deutsche Bank's principal sources of revenue, joining the top tier of global investment banks within a few years. From 2006 onwards, he pursued the expansion of 'stable' businesses through targeted acquisitions and investments. In September 2008, Ackermann made the key decision to further strengthen Deutsche Bank's Private & Business Clients business by taking a stake in Postbank with the option to buy the company.
Ackermann is a member of the Supervisory Board of Siemens AG (Second Deputy Chairman), a non-executive member of the Board of Directors of Royal Dutch Shell plc and a member of the International Advisory Council of Zurich Financial Services Group. He also plays an active role in, among other things, the Initiative Finanzstandort Deutschland (member of the Initiators' Group), the Institute of International Finance (Chairman of the Board of Directors), the World Economic Forum (Co-Chairman of the Foundation Board), the St. Gallen Foundation for International Studies (Chairman), the Foundation Lindau Nobelprizewinners Meetings at Lake Constance (Honorary Senate member) and the Metropolitan Opera New York (Advisory Director). In 2007, Ackermann accepted an appointment as Visiting Professor in Finance at the London School of Economics. In July 2008, he was appointed Honorary Professor at the Johann Wolfgang Goethe University Frankfurt. Furthermore, Ackermann is an Honorary Fellow of the London Business School and holds an Honorary Doctorate from the Democritus University of Thrace in Greece.
Dr. Hans-Paul Burkner
Hans-Paul Burkner has been president and chief executive officer since 2003. He joined the firm in 1981 and was a member of the teams that opened BCG's Dasseldorf (1982) and Frankfurt (1991) offices. Before becoming the firm's first chief executive officer from Europe, he was head of BCG's global Financial Institutions practice.
During his 25 years at BCG, he has counted among his clients many of the world's leading financial institutions. He has worked with them to redefine the competitive landscapes in their segments, spearheaded major global expansion initiatives, and transformed formerly public enterprises into leading private institutions.
He studied economics, business administration, and Chinese, receiving a Diplom from the University of Bochum, an MA from Yale University, and a DPhil from the University of Oxford.
Today he is based in both Frankfurt and New York, and travels extensively among BCG's global offices.
Colin Dyer
Colin Dyer is the President and CEO of Jones Lang LaSalle, a financial and professional services company specializing in real estate.
Eric Mindich
Eric Mindich started working at Goldman Sachs after high school, and spent summers at the firm while earning a degree in economics at Harvard. In 1994, at the age of 27, he became the youngest partner in Goldman's history.
In late 2004, he succeeded in launching a hedge fund, named Eton Park Capital Management, sized at more than $3 billion, making it one of the largest start-up funds on record.
Kevin Steinberg
Kevin Steinberg is Chief Operating Officer of World Economic Forum USA.
Jeff Zucker
Jeff Zucker has served as president and CEO of NBC Universal, one of the world's leading media and entertainment content companies, since February 2007. He has spent his entire career at NBC Universal, joining the company’s Olympic unit in 1986, immediately out of college. In his more than twenty-two years with the company, he has had a diversified career as an award-winning producer and business leader.
His roles have included president of the NBC Universal Television Group, president of the Entertainment, News & Cable Group, and president of NBC Entertainment. He was also the youngest person to become executive producer of the Today show in 1992 at the age of twenty-six. A five-time Emmy Award winner, Mr. Zucker serves on a number of boards, including The Paley Center for Media’s Board of Trustees.
Process of raising funds or capital for any kind of expenditure. Consumers, business firms, and governments often do not have the funds they need to make purchases or conduct their operations, while savers and investors have funds that could earn interest or dividends if put to productive use. Finance is the process of channeling funds from savers to users in the form of credit, loans, or invested capital through agencies including commercial banks, savings and loan associations, and such nonbank organizations as credit unions and investment companies. Finance can be divided into three broad areas: business finance, personal finance, and public finance. All three involve generating budgets and managing funds for the optimum results. See alsocorporate finance.
Legislation can not replace proper risk management - they are correct up to here.
But legislation can abolish, create or modify the rules of their fun little bankers games. The Federal Reserve was created by legislation - the same can destroy it. The current monetary system is non-sustainable and will not exist in 100 years.
member. 
