Jörg Kukies goes to the Chancellery with Olaf Scholz (SPD).

As head of the finance and economic policy department, he succeeds Lars-Hendrik Röller, who as Sherpa for Angela Merkel (CDU) has prepared the summits of the seven industrialized countries (G 7) and the larger twenties including emerging countries (G 20) for ten years.

The Handelsblatt was the first to report on the staff on Monday.

The former investment banker accepted some wage cuts when he moved to Berlin.

As the Chancellor's economic policy advisor, his salaries will fall again if he does not receive a performance bonus.

Up until now he was State Secretary, in future he will “only” be a department head.

In the Federal Ministry of Finance, Kukies took care of the financial markets and European politics.

He verbally defended himself and his boss in the Wirecard investigation committee.

No one had any influence on individual decisions of the financial supervisory authority Bafin, also not on the particularly controversial short sale ban with Wirecard shares.

This had deceived many investors because they saw it as a seal of approval for the company from Aschheim near Munich.

Before Kukies became a top civil servant, the economist was co-chairman of the board of directors of Goldman Sachs AG and head of its branch in Frankfurt.

As Scholz officially announced on Monday, Wolfgang Schmidt, also a civil servant State Secretary in the Ministry of Finance and a close confidante for many years, will be head of the Chancellery.