We value our German roots and remain committed to our international presence. Like(s). We serve stakeholders best by offering solutions to our clients and participating in value creation by them. Kai Pfaffenbach/Reuters; Deutsche Bank; Yutong Yuan/Business Insider, NOW WATCH: 'Openness actually draws people into the story': Why The New York Times is now putting its journalists front and center. On May 1, 2021 he took on additional responsibility for Human Resources. What does it take to make bold moves in business? But it will take time . structure in the United States, mean less interconnectedness and more certainty that we . She also studied at London Business School in the UK, where she gained a Master of Business Administration in 2005. Born: 1969Nationality: GermanFirst appointed: 2020. Management Board: Christian Sewing (Chairman), James von Moltke, Karl von Rohr, Fabrizio Campelli, Bernd Leukert, Alexander von zur Mhlen, Christiana Riley, Rebecca Short, Stefan Simon, Olivier Vigneron. This will be supplemented by a reorganization of executive committees and senior management changes. From 20September, the Money Museum presents a new special exhibition that approaches money from a unique perspective, viewed through the lens of caricature and satire. Prior to this Christiana worked at the management consultancy McKinsey & Company and at the investment bank Greenhill & Co. Christiana graduated in 2000 from Princeton University in America where she studied Romance Languages, Literature and Linguistics. Banks or Fintechs Who will be shaping the future of the financial industry? Deutsche Bank AG (NYSE:NYSE:DB) Q1 2023 Earnings Conference Call April 27, 2023 5:00 AM ETCompany ParticipantsChristian Sewing - CEO & ChairmanJames von Moltke - President &. In May 2021 he took on additional responsibility for Compliance, Anti-Financial Crime and the Business Selection and Conflicts Office. Exhibition: Money in caricature and satire, Executive Board of the Deutsche Bundesbank, Bundesbank: An important partner at your side. At an extraordinary meeting today in Frankfurt, the Supervisory Board of Deutsche Bank resolved to restructure the Banks business divisions. 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. The Supervisory Board reviews the efficiency of its work on a regular basis. Move Director Mayree Clark Move Director, Employee Represent. Deutsche Bank wasfounded in 1870 to accompany German businesses into the world, and has worked across borders ever since. Move Director Mayree Clark Move Director, Employee Represent. Rating(s), 36 We foster teamwork, partnership and inclusion, trusting that each of us will deliver to the expected standards. Download. It was last amended on July 4, 2013. Our risk management framework consists of various components. The fundamental basis for this is provided by, above all, the German Stock Corporation Act and the German Corporate Governance Code. Macroeconomic accounting systems, Prices and yields of listed Federal securities, Real interest rates on households' deposits, Budgetary developments in Germany (national accounts), Budgetary developments in Germany (public finance statistics), System of indicators for the German residential property market, System of indicators for the German commercial property market, Overview From 2014 to 2019, he was responsible for product development and innovations as well as the Digital Business Services division on the Executive Board. It is one of the organizations which I admire to the . 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. From 2009 to 2017, he was Group Treasurer. A number of tax-related risks are an inherent consequence of the scale and diversity of our business activities and the international nature of our business. The Annual Report 2021 includes an overview of Deutsche Bank, the management report with the compensation report, the bank's audited consolidated financial statements, the corporate governance statement and supplementary information.. Further documents: Annual Financial Statements and; Financial Data Supplement Q4 / Full-year He started his career at Credit Suisse First Boston in London in 1992. Its members are jointly accountable for the management of the company. We give due regard to the intent and spirit of tax laws, the social context within which the bank operates, and the banks standing and reputation with the public, tax administrations, regulators, and political representatives. Members:Dr. Dagmar Valcrcel, ChairpersonLudwig Blomeyer-Bartenstein*Sigmar GabrielTimo Heider*Gabriele Platscher*Alexander WynaendtsThe Tasks of the Committee can be found in the Terms of Reference. Deutsche Bank has a market leading financing business with a global footprint and unique capabilities. Members:Frank Witter, ChairmanManja Eifert*Gabriele Platscher*Detlef Polaschek*Bernd Rose*Dr. Dagmar ValcrcelStefan Viertel*Dr. Theodor WeimerProfessor Dr. Norbert WinkeljohannAlexander WynaendtsThe Tasks of the Committee can be found in the Terms of Reference. Copyright 2023 Deutsche Bank AG, Frankfurt am Main, President and Head of Private Bank and Asset Management, Head of Corporate Bank and Investment Bank, Chief Technology, Data and Innovation Officer. He is also responsible for the regions Germany and Europe, Middle East and Africa (EMEA). The 1st Line of Defence refers to those roles in the bank whose activities generate risks, whether financial or non-financial. Being Deutsche Banks COO for the last three years, Frank Kuhnke has played a major role in ensuring that our bank has stabilised and achieved its strategic objectives. Michael Ilgner, Global Head of HR, will report to Sewing. Any decision made in relation to the Offer should be made solely and only on the basis of the information provided in any such document. From January 2020 until re-joining Deutsche Bank in 2022, Olivier Vigneron was Chief Risk Officer of Natixis, where he also served on the Senior Management Committee. Research Data and Service Centre, Overview Are sustainable cities a solution to climate change? The Corporate Bank serves as the hub for our corporate and commercial clients. Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. 1995 - Deutsche Post AG, Deutsche Postbank AG and Deutsche Telekom AG are established 1990 - The East German Deutsche Post is incorporated into Deutsche Bundespost 1989 - Deutsche Bundespost Postdienst, DBP Postbank and DBP Telekom are established 1986 - DHL in China 1979 - DHL offers parcel delivery 1971 - DHL expands its network Organizational Structure. Lysaker, Norway Zeiss. It is a German bank in the United States of America which is under the jurisdictional of the United States of America, the ultimate holding company being the Deutsche Bank AG. Are sustainable cities a solution to climate change? Deutsche Bank has 432 executives and 35 subsidiaries Board N-1 CEO Christian Sewing President @ Deutsche Bank CIB Move Chairman of the Board Alexander Wynaendts Move Vice Chairman of the Board Detlef Polaschek Move Director, Employee Represent. The 2nd Line of Defence independently assesses and challenges the implementation of the risk type framework and adherence to the risk appetite, and acts as an advisor to the 1st Line of Defence on how to identify, assess and manage risks. Going forward, Ilgner will also oversee Global Real Estate to adapt the banks strategy in this area to the future working environment. 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.". Corporate Governance Organizational Structure Supervisory Board Supervisory Board 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. Since 2008 he has also been an Honorary Professor at the University of Cologne. Uncommercial artificial steps for the purpose of obtaining tax benefits should not be undertaken. Deutsche Bank has four business divisions: the Corporate Bank, the Investment Bank, the Private Bank and the asset manager DWS. Bernd Leukert became a member of the Deutsche Bank Management Board on January 1, 2020 with responsibility for Technology, Data and Innovation. It comprises the President, the Vice-President and other members. This is exacerbated by the growing complexity of international tax laws and divergent approach of national tax authorities in various instances. Mobilisation and Administration of Credit Claims (MACCs), OpenMarket Tender Operation System (OMTOS), Overview In conducting our business affairs, setting up and structuring our business operations and commercial activities, we consider among other factors the tax requirements of the respective jurisdictions in which we operate, with a view to generating sustainable value to Deutsche Bank and its shareholders. 2003 - 2004:President and Chief Operating Officer, The Goldman Sachs Group Inc. 1999 - 2003:President and Co-Chief Operating Officer, The Goldman Sachs Group Inc. 1999:President and Co-Chief Operating Officer, The Goldman Sachs Group LP, 1994 - 1999:Chief Financial Officer and Head of Operations, Technology and Finance (from 1995 to 1997 also Co-Chief Executive Officer for European Operations), The Goldman Sachs Group LP, 1979:Harvard University, Finance (Master of Business Administration), 1977:Massachusetts Institute of Technology, Electrical Engineering, (Bachelor of Science), Memberships of comparable boards:Member of the Board of Directors, Aperture Investors LLC, New York, USAMember of the Board of Directors, Uber Technologies, Inc., San Francisco, USAChairman of the Board of Directors, Pine Island Capital Partners LLC, Fort Lauderdale, USA, Year of Birth:1965Nationality:BritishElection first effective:2018/05/24Term expires:2023, Since 2020:Operating Partner, Eldridge Industries LLC, Greenwich, Connecticut, USA, 2013 - 2017:Executive Vice President, IHS Markit, New York, USA, 2009 - 2013:Group Chief Information Officer, UBS Aktiengesellschaft, New York, USA, and Zurich, Switzerland, 2006 - 2009:Head of Operations, UBS Aktiengesellschaft Investment Bank, New York, USA, 1998 - 2006:IT Director, UBS Aktiengesellschaft Investment Bank, New York, USA, 1996 - 1998:IT Director, Swiss Banking Corporation, Chicago, USA, 1993 - 1996:Operations Director, Swiss Banking Corporation, London, United Kingdom, 1987 - 1993:Financial Controller, Swiss Banking Corporation, London, United Kingdom, 1989:Association of Chartered Certified Accountants, London (ACCA), 1986:Northumbria University, Accounting (Bachelor Hons), Memberships of comparable boards:CEO and Chairperson of the Board of Directors,Zinnia Corporate Holdings, LLC, Kansas, USA, Year of Birth:1966Nationality:German / SpanishAppointed by court:2019Term expires:2025, 2017 - 2019:Chair of the Management Board, Andbank Asset Management Luxembourg S.A., Luxembourg, 2016 - 2017:Non-executive member of the General Council, Hellenic Financial Stability Fund, Greece, 2016 - 2017:Chair of the Management Board, Barclays Vida y Pensiones, S.A.U., Madrid, Spain, 2015 - 2017:Head of Strategic Resolution, Insurance Operations, Barclays Non-Core, Barclays Bank PLC, London, UK, and Madrid, Spain, 2012 - 2015:General Counsel Western Europe, Barclays Bank PLC, London, UK, 2010 - 2011:Head of Legal Central Europe and Middle East, Barclays Bank (Suisse) SA, Geneva, Switzerland, 2003 - 2009:Legal Counsel, Terra Firma Capital Partners Limited, London, UK, 1999 - 2003:Senior Associate, Freshfields Bruckhaus Deringer, London, UK, Dsseldorf and Frankfurt, Germany, 1997 - 1999:Associate, Clyde & Co, London, UK, 1995 - 1996:Legal Counsel, General & Cologne Re, Cologne, Germany, 1998:Solicitor, England & Wales, College of Law, London, 1995:German Second State Examination in Law, Higher Regional Court (OLG) Dsseldorf, 1994:PhD in Law from the University of Bonn, 1991:German First State Examination in Law, Higher Regional Court (OLG) Dsseldorf, Memberships of comparable boards:Member of the Supervisory Board of amedes Holding GmbHMember of the Board of Directors, Antin Infrastructure Partners S.A., Paris, France, Year of Birth:1964Nationality:GermanSuccession as substitute member:2021Term expires:2023, Since 2022: Member of the Workers Council Headoffice CB and PB,Deutsche Bank AG, Frankfurt am Main, 2014 2022:Member of the General Staff Council,Deutsche Bank AG, Frankfurt am Main, 2002 2022:Staff Council Corporate & Investment Bank,Deutsche Bank AG, Frankfurt am Main, 2020 2021:Head of Institutional Cash Sales & Client Management (& ACO) Hungary,Deutsche Bank AG, Frankfurt am Main, 2006 2020:Head of Institutional Cash Sales & Client Management (& ACO)Austria and HungaryDeutsche Bank AG, Frankfurt am Main, 2010 2013:Member of the Supervisory BoardDeutsche Bank AG, Frankfurt am Main, 2003 2005: Sales Manager Cash Management Financial Institutions Germany,Luxembourg and ViennaDeutsche Bank AG, Frankfurt am Main, 1997 2003:Product & Sales Manager Card Systems & Sales POS, Value AddedServicesDeutsche Bank AG, Frankfurt am Main, 1992 1997:Product & Project Manager Payments/Electronic Banking, Investment Banking SystemsDeutsche Bank AG, Frankfurt am Main, 1989 1992:Project & IT Manager Electronic Banking, Informatics & AssetManagement Centres, Domestic Branch SystemsDeutsche Bank AG, Frankfurt am Main, 1986 1989:IT Management apprenticeship, 1981 1985:Dental Technician apprenticeship, Year of Birth:1959Nationality:GermanElection first effective:2020/05/20Term expires:2025, 2009 2017:HypoVereinsbank / UniCredit Bank AG, Munich Spokesman of the Management Board2013 2017:Member of the Executive Committee of Unicredit Group, Milan2011 2013:Member of the Business Executive Committee of Unicredit Croup, Milan, 2008:Bayerische Hypo-und Vereinsbank AG / UniCredit Group, Munich Executive Chairman of Global Investment BankingDesignated Spokesman of the Management Board as of 1 January 2009, 2007:UniCredit Group, MilanMarkets & Investment Banking DivisionHead of Global Investment Banking, 2001 2007:Goldman, Sachs & Co. oHG, Frankfurt/Main2004 2007:Partner, Investment Banking Division2001 2004:Managing Director, 1995 - 2001:Bain & Company, Inc., MunichSenior Partner, Member of the Global Management Committee of Bain & Company, Boston, 1988 1995:McKinsey & Company, DusseldorfManagement Consultant. Or Tom Bowers? Deutsche Bank is one of the leading banks in America. That will allow von Rohr to dedicate more time to his duties as President and his responsibilities for the Germany and EMEA regions, for the Private Bank as a whole and Asset Management. We believe art and culture should be open to all. Memberships of statutory supervisory boards in Germany:Sterbekasse fr die Angestellten der Deutschen Bank Gruppe VVa.G. She joined Deutsche Bank on its graduate programme in Auckland in 1998. . The law was enacted on July26, 1957 and newly announced in the latest version on October22,1992. Will greater investment in water resources make for a more sustainable future? Was Vrablic a CIA case officer? The Management Boardis responsible for managing the company. Since 2015, . Supervisory Board. Will greater investment in water resources make for a more sustainable future? Banks or Fintechs Who will be shaping the future of the financial industry? Stay up to date with what you want to know. Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) will fundamentally change its group and leadership structure. Members:Alexander Wynaendts, ChairmanDetlef Polaschek*Frank Werneke*Professor Dr. Norbert Winkeljohann. But despite the bad headlines, Deutsche Bank isn't going away. Cash, card, crypto: how the way you pay will affect your life, My way, your way different paths to success. Across Deutsche Bank, we have a variety of complementary solutions for corporate and institutional clients. The 1 st Line of Defence refers to those roles in the bank whose activities generate risks, whether financial or non-financial. In the press area, you will find press releases, speeches, guest contributions and interviews with Bundesbank Executive Board members as well as further press materials. . From November 2015 to November 2019 he was the Board member responsible for Human Resources and until July 2020 for Legal and Governance. Born: 1965Nationality: GermanFirst appointed: 2015. Cash, card, crypto: how the way you pay will affect your life, My way, your way different paths to success. Deutsche Bank Trust Company Americas (DBTCA), the broker-dealer and lead bank subsidiaries of DB USA, and through DBAG NY, our New York branch. The Chief Transformation Office will be transferred from Campelli to Rebecca Short who will join the Management Board. Corporate Governance. Three years later he became Global Head of Financial Planning and Analysis. In 1995, he joined J.P. Morgan, working at the bank for 10 years in New York and Hong Kong. He has been President alongside Karl von Rohr since March 25, 2022. Accor, the Paris-based hotel group, expects a recovery in occupancy rates to pre-pandemic levels will increasingly fuel its revenue growth over the next year. The aim is to consolidate the areas which are particularly impacted by legal requirements and require a close dialogue with regulators. All told, the revamp which will include a shrinking of the firm's global investment-banking ambitions in favor of a heightened focus on corporate and transaction banking services will cost north of $8 billion. Alexander von zur Mhlen became a member of the Management Board on August 1, 2020. Deutsche Bank today announced a reorganisation of its Management Board.
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