deutsche bank organizational structure

We are here to enable sustainable economic growth and societal progress by generating positive impact for our clients, our people, our investors and our communities. Deutsche Bank announces comprehensive organizational restructuring and ... The 2nd Line of Defence refers to the roles in the bank who define the risk management framework for a specific risk type. Corporate Governance Framework - Deutsche Bank Move Director Mayree Clark Move Director, Employee Represent. How can companies and decision-makers reset for growth beyond corona virus? The aim is to consolidate the areas which are particularly impacted by legal requirements and require a close dialogue with regulators. The Shareholders’ Meeting appoints the shareholders’ representatives to the Supervisory Board and votes on certain matters established by law and the Company’s Articles of Association. He is responsible for the Asia Pacific region. Organizational Structure Deutsche Bank AG is incorporated as a German stock corporation (Aktiengesellschaft, or AG). Its members are jointly accountable for the management of the company. Management. He started his career at Credit Suisse First Boston in London in 1992. We ensure the responsible, value-driven management and control of Deutsche Bank through our system of corporate governance, which has four key elements: good relations with shareholders, effective cooperation between the Management Board and the Supervisory Board, a system of performance-related compensation for managers and employees, as well a. Deutsche Bank today announced a reorganisation of its Management Board. The aim of the reorganisation is to focus the management team more closely on the four business divisions in order to ensure sustainable profitability following the bank’s return to profitability last year. Alexander von zur Mühlen joined Deutsche Bank in 1998 and over the years has held a range of management roles in London and Frankfurt across infrastructure and business divisions, including previously serving as Co-Head of Global Capital Markets, with a regional focus on Asia Pacific and EMEA. Board of Directors. AI in banking and business – what can it do and who stands to gain? Before that he was Head of Strategy & Organisational Development as well as Deputy Chief Operating Officer for Deutsche Bank Group and a member of the Group Executive Committee of Deutsche Bank. This will align the leadership team to the third phase of the bank’s transformation which was launched in December 2020. At an extraordinary meeting today in Frankfurt, the Supervisory Board of Deutsche Bank resolved to restructure the Bank´s business divisions. The Management Board is responsible for managing the company. Views 10. From November 2015 to November 2019 he was the Board member responsible for Human Resources and until July 2020 for Legal and Governance. The beleaguered German lender Deutsche Bank is undergoing a historic overhaul: Amid mounting losses and a plummeting share price, the firm announced this summer plans to gut its stock-trading business, restructure its investment bank, and lay off 18,000 employees around the world. PDF U.S. Resolution Plan - Federal Reserve Board He also holds a PhD in Economics from the University of Chicago. All changes will take effect on 1 May 2021, subject to regulatory approvals. Given the corporate governance structure with its separation of the Management and Supervisory Board, a member of the Supervisory Board is excluded from being a member of the Management Board. 2000 - 2001: Project management work, Deutsche Bank AG, Frankfurt am Main. 1.1. Copyright © 2023 Deutsche Bank AG, Frankfurt am Main, Annual Financial Statements and Management Reports, Non-Financial Reports/Corporate Responsibility Reports, Reports Deutsche Bank Trust Preferred Securities. The Supervisory Board of Deutsche Bank AG appoints, supervises and advises the Management Board and is directly involved in decisions of fundamental importance to the bank. . Cash, card, crypto: how the way you pay will affect your life, Resilience: the recipe for a strong economy, My way, your way – different paths to success. Entsprechend der Governance-Struktur, die eine Trennung zwischen Vorstand und Aufsichtsrat vorsieht, ist die Mitgliedschaft eines Aufsichtsratsmitglieds im Vorstand ausgeschlossen. 1995 - 2000: Member of the Management Board of Deutsche Bank Rt., Budapest, Hungary. Deutsche Bank publishes details of its sustainability strategy in residential real estate, Deutsche Bank announces expected acceptance amount for public tender offer, Deutsche Bank Increases Prime Lending Rate to 8.25%, Deutsche Bank announces public tender offer for six series of its senior non-preferred bonds, Deutsche Bank Agrees to Combine UK and Ireland Corporate Finance Business with Numis, A message from Christian Sewing on Q1 results 2023, Deutsche Bank reports € 1.9 billion profit before tax in the first quarter of 2023, Deutsche Bank to sharpen Management Board’s focus on accelerating strategy execution, Copyright © 2023 Deutsche Bank AG, Frankfurt am Main, 0 This will be supplemented by a reorganization of executive committees and senior management changes. Will Covid-19 be an opportunity or threat to sustainable development? It works together closely with the Management Board in a cooperative relationship of trust and for the benefit of the company. Memberships of comparable boards:Member of the Members’ General Meeting, Erholungswerk Post Postbank Telekom e.V. This is exacerbated by the growing complexity of international tax laws and divergent approach of national tax authorities in various instances. Such factors are described in detail in our SEC Form 20-F of 12 March 2021 under the heading “Risk Factors”. We serve stakeholders best by offering solutions to our clients and participating in value creation by them. Deutsche Bank has four business divisions: the Corporate Bank, the Investment Bank, the Private Bank and the asset manager DWS. During his career at Deutsche Bank Karl von Rohr has held various senior management positions in Germany and Belgium. Born: 1969Nationality: GermanFirst appointed: 2020. As from March 2020, Deutsche Bank's 90,000 global employees and €10bn+ compensation and benefits budget will be controlled by a new global head of HR who currently manages around 40 staff. Deutsche Bank’s set-up includes four divisions that are well-positioned to grow: We aim to do business in a responsible and sustainable way that has positive impact. Born: 1971Nationality: FrenchFirst appointed: 2022. Deutsche Bank was founded in 1870 to accompany German businesses into the world, and has worked across borders ever since. In this context we may seek to avail ourselves of tax benefits and beneficial tax rates available under those tax laws. Deutsche Bank Code of Conduct (PDF) Corporate culture & values, code of conduct The impact of the economic crisis has made a long-term change of corporate culture in the financial sector absolutely imperative and cultural change is needed. Corporate Communications. ), 1978 – 1983:University of Münster, Business Administration and Economics (Diplom-Kaufmann), Memberships of statutory supervisory boards in Germany:Bayer AG (Chairman of the Supervisory Board), LeverkusenGeorgsmarienhütte Holding GmbH, GeorgsmarienhütteSievert SE (Chairman of the Supervisory Board), OsnabrückBohnenkamp AG (Chairman of the Supervisory Board), Osnabrück, Year of Birth: 1967Nationality: GermanElection first effective: 2023/05/17Term expires: 2028, Since 1996:Exempted Staff Council member Postbank Filialvertrieb AG, Since 2006:Member of the General Staff Council Postbank Filialvertrieb AG, 2012 - 2018:Member of the Supervisory Board Deutsche Postbank AG, Bonn, Germany, 1994 - 1996:Representative of people with disabilities, Postamt (V) Mayen, 1991 - 1994:Representative of young people and apprentices, Postamt (V) Mayen, 1988 - 1991:Work in the branches ofDeutsche Bundespost / Deutsche Post AG, 1986 - 1988:Postal worker in training, Postamt (V), Mayen, Germany, Memberships of statutory supervisory boards in Germany:Postbank Filialvertrieb AG. How cloud technology is silently revolutionising our economy. PDF Leverage Ratio Q1 - 2023. Copyright © 2023 Deutsche Bank AG, Frankfurt am Main, Annual Financial Statements and Management Reports, Non-Financial Reports/Corporate Responsibility Reports, Reports Deutsche Bank Trust Preferred Securities. The Deutsche Bundesbank hosts the Bundesbank symposium annually, with the aim of promoting the exchange of information on current topics relating to banking supervision within the banking industry . Rebecca Short has been a member of the Management Board since May 1, 2021. We seek to understand and mitigate these risks where possible. After working at Morgan Stanley for four years, where he led the Financial Technology advisory team globally, James von Moltke joined Citigroup as Head of Corporate M&A in 2009. In August 2021 he took on additional responsibility at Management Board level for Deutsche Bank in the UK and Ireland (UKI). Year of Birth: 1962Nationality: NorwegianFirst elected: 2022/05/19Term expires: 2026, Chief Executive Officer, Aker Asset Management AS, Since 2022:Chief Executive OfficerAker Asset Management AS, Oslo, Norway, 2008 – 2020:Chief Executive OfficerNorges Bank Investment Management, Oslo, Norway, 1998 – 2007:Global Head of EquitiesNorges Bank Investment Management, Oslo, Norway; London, Great Britain, 1994 – 1997:Chief Investment Officer, Asian EquitiesStorebrand Asset Management AS, Oslo, Norway, 1987:Master of Arts: Political Science, Université de Paris II – Paris, France, 1985:Master of Business Administration, Norwegian School of Economics – Bergen, Norway, 1985:Master of Arts: Economics, University of California – Santa Barbara, USA, 1983:Master of Law, University of Oslo – Oslo, Norway, Year of Birth: 1967Nationality: GermanElection first effective: 2023/05/17Term expires: 2028, Federal Chairman of the German Association of Bank Employees (Deutscher Bankangestellten-Verband; DBV), Since 2012: Federal ChairmanGerman Association of Bank Employees (Deutscher Bankangestellten-Verband; DBV) – Trade Union of Financial Service Providers (Gewerkschaft der Finanzdienstleister), Düsseldorf, Germany, 2018 – 2020:Member of the Supervisory BoardDeutsche Bank AG, Frankfurt am Main, Germany, 2013 – 2015: Member of the Supervisory BoardDeutsche Bank AG, Frankfurt am Main, Germany, 2003 – 2016:Member of the Supervisory BoardBetriebs-Center für Banken AG, Frankfurt am Main, Germany (formerly: Betriebs-Center für Banken Payments AG), 2004 – 2016: Exempted Staff Council memberBetriebs-Center für Banken AG, Frankfurt am Main, Germany (formerly: Betriebs-Center für Banken Payments AG), 2001 – 2004: Exempted Staff Council memberDB Payments Projektgesellschaft AG, Frankfurt am Main, Germany (formerly: European Transaction Bank), 1988 – 2001:Administrator as well as Team and Group Leader Domestic and Foreign Payments, Enquiries and Card Payments, European Transaction Bank, Frankfurt am Main, Germany (formerly a unit of: Deutsche Bank AG), 1985 – 1987: Bank apprenticeship at Deutsche Bank Saar AG, Saarbrücken, Memberships of statutory supervisory boards in Germany:PCC Services GmbH der Deutschen Bank, Year of Birth: 1955Nationality: US-AmericanElection first effective: 2018/05/24Term expires: 2027, 2010 - 2016: Chairman and Chief Executive Officer, CIT Group Inc., USA, 2009: President of Global Investment Banking, Markets and Wealth Management, Bank of America, USA, 2007 - 2008: Chairman and Chief Executive Officer, Merrill Lynch & Co., Inc., USA, 2006 - 2007: Chief Executive Officer and Director, NYSE Euronext, Inc., USA, 2004 - 2006: Chief Executive Officer and Director, New York Stock Exchange, USA. The bank focuses on its strengths in a Corporate Bank newly created in 2019, a leading Private Bank, a focused investment bank and in asset management. A Deutsche Bank spokesman declined to comment for this project. Sign up for notifications from Insider! Campelli holds an MBA from MIT Sloan School of Management and a Business Administration degree from Bocconi University. In May 2023 he took an additional responsibility for the Americas region. Prior to this, he had been Head of Human Resources for Deutsche Bank in Germany and member of the Management Board of Deutsche Bank Privat- und Geschäftskunden AG. The 3rd Line of Defence is Group Audit, which is accountable for providing independent and objective assurance on the adequacy of the design, operating effectiveness and efficiency of the risk management system and systems of internal control. Karl von Rohr studied law at the universities of Bonn (Germany), Kiel (Germany) and Lausanne (Switzerland) and at Cornell University (USA). The Management Board has, as its prime responsibility, the Group's strategic management, resource allocation, financial accounting and reporting, risk management, and corporate control. Stefan Simon studied law at the University of Cologne and received his Ph.D. in Public International Law there in 1998. "It is our priority now to adapt the Management Board for the next phase of Deutsche Bank’s transformation, which is about efficiency, effective controls and delivering sustainable profitability. 2001 - 2003: Head of the Corporate Clients Coverage Unit, Deutsche Bank AG, Cologne. She previously spent almost six years within Finance as Head of Group Planning & Performance Management from August 2015. Apart from this move the mandate of the Chief Risk Officer remains unchanged. Going forward, Ilgner will also oversee Global Real Estate to adapt the bank’s strategy in this area to the future working environment. Der Vorstand trägt die umfassende Verantwortung für die Leitung der Deutschen Bank AG, für die Steuerung des Deutsche-Bank-Konzerns sowie für die Festlegung der Strategie der Bank. Ludwig Blomeyer-Bartenst. The Supervisory Board appoints the members of the Management Board and monitors its activities. The Chief Transformation Office will be transferred from Campelli to Rebecca Short who will join the Management Board. Climate emergency: can green tech save us? The Shareholders’ Meeting appoints the shareholders’ representatives to the Supervisory Board and votes on certain matters established by law and the Company’s Articles of Association. On May 1, 2021 he took on additional responsibility for Human Resources. Based on proposals of the Compensation Control Committee, the Supervisory Board determines the total compensation of the individual members of the Management Board resolves on the compensation system for the Management Board and reviews it regularly. Organigramm Deutsche Bank - The Official Board Deutsche Bank - a strong partner in Indonesia Cash, card, crypto: how the way you pay will affect your life, Resilience: the recipe for a strong economy, My way, your way – different paths to success. We support young sporting talent too. Having first established a presence in the Americas in the 19th century, the bank began independent operations in the US in 1978, opening its first North American branch in New York City. Business Corporate Governance. In 2015, he was appointed Treasurer of Citigroup. Since 2015, . pol. Organizational Structure - Deutsche Bank . From 2012 to 2013, he was Deputy Chief Risk Officer. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Management Board. The beleaguered German lender Deutsche Bank is undergoing a historic overhaul: Amid mounting losses and a plummeting share price, the firm announced this summer plans to gut its stock-trading. 2003 - 2004: President and Chief Operating Officer, The Goldman Sachs Group Inc, USA. Will greater investment in water resources make for a more sustainable future? Using leaked internal memos and details from Deutsche Bank insiders, Business Insider has crafted an organizational chart of the most powerful people at the bank. Its members are jointly accountable for the management of the company. Deutsche Bank AG is incorporated as a German stock corporation (Aktiengesellschaft, or AG). Bernd Leukert studied Industrial Engineering and Management at the University of Karlsruhe and at Trinity College Dublin, graduating in 1994 with a Masters Degree in Business Administration. Cash, card, crypto: how the way you pay will affect your life, Resilience: the recipe for a strong economy, My way, your way – different paths to success. From 2010 to 2012, he served as the Bank’s Chief Credit Officer. 2016 – May 2023: Managing Director, Regulatory Management Group,Deutsche Bank AG, Frankfurt am Main, GermanyHead of Regulatory Management Germany, responsible for all interactions with Deutsche Bank’s home regulators European Central Bank (ECB), BaFin, Deutsche Bundesbank and Single Resolution Board (SRB) globally. Deutsche Bank focuses its Management Board to support sustainable ... You are here: Home Our Business Business Overview Building the bank of tomorrow. We thank him for a total of 35 years of commitment and successful work for Deutsche Bank and wish him all the best for his future endeavours.". Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. View Deutsche Bank org chart to access information on key employees and get valuable insights about Deutsche Bank organizational structure. Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) will fundamentally change its group and leadership structure. He was Head of Group Audit from June 2013 to December . Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Who we are - db.com In 1995, he joined J.P. Morgan, working at the bank for 10 years in New York and Hong Kong. In 2010 we were among the first banks in the United Kingdom to adopt the UK Code of Practice on Taxation for Banks. The Supervisory Board decides on the appointment and dismissal of members of the Management Board including long-term succession planning for the Management Board based on proposals of the Chairman’s Committee while taking into account recommendations of the Nomination Committee. From 2005-2011 various senior management roles as Global Head of Business Products, Business Products - Head of Strategy, Business Management and Commercial Loans, Manager of the International Business Banking Portfolio in Europe and Asia (Director). Jakarta Branch. Committees of the Supervisory Board. It's even been paying "danger money" to bankers in select areas where it wants to grow. Corporate Governance Framework. Here is the org chart for the Deutsche Bank leaders in charge of the bank's historic overhaul. Copyright © 2023 Deutsche Bank AG, Frankfurt am Main, Annual Financial Statements and Management Reports, Non-Financial Reports/Corporate Responsibility Reports, Reports Deutsche Bank Trust Preferred Securities. Deutsche Bank . Stefan Simon joined Deutsche Bank on August 1, 2019. Organisationsstruktur - Deutsche Bank Investment Bank Tax evasion, which is a financial crime, is illegal and goes against our culture, values and beliefs and our policies strictly prohibit aiding or abetting tax evasion. Will Covid-19 be an opportunity or threat to sustainable development? AI in banking and business – what can it do and who stands to gain? Using leaked internal memos and conversations with insiders, Business Insider has charted the new organizational power structure within the firm's corporate and investment-banking operations. The ownership of the areas within COO will be shared between other Management Board members. We foster teamwork, partnership and inclusion, trusting that each of us will deliver to the expected standards. From 2009 to 2017, he was Group Treasurer. Our business is subject to various risks, including tax-related risks. Olivier Vigneron was appointed as a member of the Management Board on May 20, 2022 and is Chief Risk Officer. But despite the bad headlines, Deutsche Bank isn't going away. This will be supplemented by a reorganization of executive committees and senior management changes. View Deutsche Bank org chart to access information on key employees and get valuable insights about Deutsche Bank organizational structure. and Goldman Sachs. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir. PDF Deutsche Bank U.S. Resolution Plan - July 2014 - Federal Reserve Board

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