University of Hamburg
Christian Democratic Union of Germany
Peter Gloystein (born 25 November 1945 in Bremen, Germany) is a German banker and Christian Democratic Union party politician. His banking career was mainly with Commerzbank and BHF-Bank in Frankfurt. From September 2004 until May 2005 he was the Lord Mayor and Senator for Economics and Harbours, as well as Senator for Culture in the Free Hanseatic City of Bremen, but he resigned following an incident in which he poured champagne over a homeless person. At present he works as a business consultant.
Qualifications, profession, family
Gloystein was born in 1945 in Bremen, Germany. After leaving school he studied Business Management at the University of Hamburg achieving his PhD in 1977 with a thesis titled "The promotion of industrial restructuring by funding instruments of the European Community", which was later published as a book entitled "Financing of industrial restructuring through the EC".
From 1971 to 1975 he worked as Scientific Lecturer at the HWWA-Institut für Wirtschaftsforschung in Hamburg. Following this he moved on to investment banking at the WestLB in Düsseldorf (1975-1981). Gloystein then went on to work at the Commerzbank AG where he remained until 1999. First he was in charge of finance planning in the central department for Coordination and Planning in Frankfurt. In 1986 he moved on to be Head of the Stuttgart Branch. In 1990 he became Deputy Member of the Board and one year later Member of the Board of the Commerzbank AG. In 1999 Gloystein moved on to become Member of the Board of the BHF-Bank and at the same time Member of the Executive Committee Europe of the ING Group, Amsterdam. He became Speaker of the Board (CEO) of the BHF-Bank in 2000 in charge of Controlling, Credit-Risk Management, Law, Auditing and Corporate Communication. Gloystein resigned from the BHF and ING in 2002 as a result of differing opinions on future business strategy in the German market.
At the end of the 90s Gloystein was Member of the Board of the European Banking Association and the German Member of the Maas-Commission, which was formed by the European Commission for the technical preparation of the European Monetary Union.
In August 2004 the CDU nominated him as successor to Harmut Perschau, who had to resign due to health problems, and on 8 September 2004 he was voted in as the Lord Mayor and Senator for Economics and Harbours, as well as Senator for Culture in Bremen.
Gloystein is married with two children.
Gloystein has returned to business. He is a business consultant with focus on finance and cultural management, until 2008 in Bremen and since then in Düsseldorf. The consultancy business (M & A) was initially based on the function as Advisory Director of the Investment Bank Lincoln International, Frankfurt/Chicago, and from 2012 as Chairman of the Supervisory Board of the Deutsche Mergers & Acquitions AG, Düsseldorf. He is also active in the rating business and is Chairman of the Advisory Board of the Rating Agency Scope, Berlin, in the internet music business as General Manager of the classical music website My Classic World GmbH, Berlin and finally as Member of the Advisory Board of the private equity company Allistro Capital GmbH, Frankfurt.
Peter Gloystein is also active in various cultural institutions: Chairman of the Board of the Association supporting the Cultural Project Hombroich, Neuss; General Manager of the Urban Planning Corporation Raumortlabor Hombroich gemeinnützige Stiftungs GmbH, Neuss; Chairman of the Friends Association of the Teatro La Fenice, Berlin and Member of the Board of the Friends Association of the Deutsche Oper am Rhein, Düsseldorf/Duisburg. Until 2009 Gloystein was also active in the Friends Association of the Bayreuth Music Festival, first as longstanding member of the Advisory Board of the Friends Association and in 2009 as Chairman of the Executive Board. He resigned from this position at the beginning of 2010.