Greenspan retired in 2006 after nearly two decades leading the Federal Reserve. As Fed Chairman, Greenspan was known for communicating ambiguity and as I noted on LeaderNotes, made decisions by “risking small mistakes to avoid much bigger ones.” He navigated through the 1987 stock market crash, tech boom of the 1990s and subsequent tech crash of 2000.  His name was nearly synonymous with the powerful board when he retired.

From CNN Money 

"Dr. 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," said Josef Ackermann, chairman of Deutsche Bank's management board and its group executive committee.

Investment Dealer’s Digest reported that Deutsche Bank ranked third in Global Debt and Equity underwriting transactions in the first half of 2007.

Few Deutsche Bank clients will ever interact with Greenspan. His role will likely be less advisory and more figure head. According the Wall Street Journal, Greenspan will speak at conferences, attend meetings and take part in conference calls with bank clients, analysts and traders.