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 "Die Förderung der industriellen Umstrukturierung durch die Finanzierungsinstrumente der Europäischen Gemeinschaft" (in 1978 as a book entitled "Finanzierung des industriellen Strukturwandels durch die EG").
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 l990 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. At his own wish 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 the 8th September 2004 he was voted in as the Lord Mayor and Senator for Economics and Harbours, as well as Senator for Culture in the Fee Hanseatic City of Bremen, which is one of the 16 German Federal States.
Gloystein is married with two children.
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Famous quotes containing the word family:
“A family with the wrong members in control—that, perhaps, is as near as one can come to describing England in a phrase.”
—George Orwell (1903–1950)