On June 15, 2016, the American Council on Germany held its 24th annual John J. McCloy Awards Dinner at the Grand Hyatt in New York City. More than 300 members and friends attended the dinner, which honored Dr. Paul M. Achleitner, Chairman of the Supervisory Board of Deutsche Bank, and Dr. Richard M. Hunt, University Marshal a.D. of Harvard University and ACG Vice Chairman.
ACG Board member Tammy Murphy presented Dr. Achleitner with the 2016 John J. McCloy Award for his work to promote stronger transatlantic economic relations. Former Head of the Federal Reserve and ACG Honorary Vice Chairman Paul A. Volcker presented Dr. Hunt with a Lifetime Achievement Award for his commitment to a vibrant partnership between the United States and Germany and for his dedication to the Council.
After receiving the John J. McCloy Award, Dr. Achleitner was joined onstage by Ambassador Richard W. Fisher, former President and CEO of the Federal Reserve Bank of Dallas, and Ambassador Philip Murphy for an engaging discussion about the global economy, international trade, and the future of the EU, among other topics. With regard to a possible Brexit, Dr. Achleitner did not mince words. He said that a Brexit would be an economic disaster for the UK and a political disaster for the EU. Ambassador Fisher added that the United States cares about a successful Europe – and that the UK is a critical partner.
ACG Board member Dr. Henry A. Kissinger said Dr. Achleitner embodies the “conscience of key institutions in the German economy like John J. McCloy did of the political system of his day.” Dr. Kissinger also paid tribute to Rick Hunt for his role in continuing to build the German-American partnership beginning in the 1950s. He added that he admires how Germany rebuilt itself after the first half of the 20th century and achieved stability and prosperity.
Ambassador Robert M. Kimmitt, Chairman of the American Council on Germany and Senior International Counsel at WilmerHale LLP, was the emcee for the evening. The ACG’s partnership with Deutsche Bank goes back to 1980.