deutsche bank organizational structure

Year of Birth: 1967Nationality: GermanFirst appointed: 2020. Deutsche Bank wasfounded in 1870 to accompany German businesses into the world, and has worked across borders ever since. Organization culture & Deutsche Bank. Apart from this move the mandate of the Chief Risk Officer remains unchanged. In this context we may seek to avail ourselves of tax benefits and beneficial tax rates available under those tax laws. Before joining Deutsche Bank, he served as Treasurer of Citigroup, managing its capital and funding as well as liquidity and interest rate risk. Its members are jointly accountable for the management of the company. All changes will take effect on 1 May 2021, subject to regulatory approvals. The Management Board is responsible for managing the company. It comprises the President, the Vice-President and other members. Stefan Simon joined Deutsche Bank on August 1, 2019. From January until June 2015, he was responsible on the Management Board for Legal, Incident Management Group and Group Audit, and assumed responsibility for Deutsche BanksPrivate & Commercial Bank (including Postbank) between July 2015 and April 2018. In addition, we do not endorse confidentiality arrangements which seek to preclude disclosure or reporting to tax authorities nor do we endorse success fee arrangements determined by the amount or existence of tax benefits. Year of Birth: 1960Nationality:DutchFirst elected: 2022/05/19Term expires: 2026, Chairman of the Supervisory Board of Deutsche Bank Aktiengesellschaft, Since 2022:Chairman of the Supervisory Board of Deutsche Bank Aktiengesellschaft, Since 2020:Member of various Supervisory and Advisory boards, 2008 2020:Chief Executive Officer and Chairman of the Management and Executive BoardsAegon N.V., The Hague, Netherlands, 2007 2008:Chief Operating OfficerAegon N.V., The Hague, Netherlands, 2003 2007:Member of the Executive BoardAegon N.V., The Hague, Netherlands, 1998 2003:Executive Vice President, Group Business DevelopmentAegon N.V., The Hague, Netherlands, 1997 1998:Senior Vice President, Group Business DevelopmentAegon N.V., The Hague, Netherlands, 1984 1997:various roles in Investment Banking, Private Banking and Capital MarketsABN AMRO Bank, Amsterdam, Netherlands; London, Great Britain, 1981 1984:Degree in Economics, University Paris-Sorbonne, 1978 1983:Degree in Electrical Engineering, Ecole Suprieure dElectricit, Memberships of statutory supervisory boards in Germany:none, Memberships of comparable boards:Member of the Board of Directors, Air France-KLM Group S.A., Paris, FranceMember of the Board of Directors, Uber Technologies, Inc., San Francisco, USANon-Executive Director, Chairman, Puissance Holding B.V., Rotterdam, Netherlands, Year of Birth:1960Nationality:GermanElection first effective:2018/05/24Term expires:2023, Deputy Chairman of the Supervisory Board of Deutsche Bank AGMember of the Staff Council, Since 2006:Member of the General Staff Council, Deutsche Bank AG and DB Privat- und Firmenkundenbank AG (formerly: Deutsche Bank Privat- und Geschftskunden AG), Since 1998:Exempted Staff Council member, DB Privat- und Firmenkundenbank AG, Essen (formerly: Deutsche Bank Privat- und Geschftskunden AG), (until 2000 in Deutsche Bank AG), 2017 - 2018:Member of the Supervisory Board and Audit Committee, Deutsche Bank Privat- und Geschftskunden AG, Frankfurt am Main, 1991 - 1998:Head of Investment Management for Corporate Clients, Deutsche Bank AG, Essen, 1991 - 1996:Department Head, Bond Trading, Deutsche Bank AG, Essen, 1981 - 1991:Employee in branch back-office support (proprietary trading in fixed-income securities), Investments Department, Deutsche Bank AG, Essen, 1989:Appointment as bank official (Oberbeamter), 1981 - 1981:Civil service in lieu of military service, Workers Welfare Association, 1979 - 1980:Securities advisor, Investments Department, Deutsche Bank AG, Essen, 1976 - 1979:Bank apprenticeship at Deutsche Bank AG, Essen, Memberships of statutory supervisory boards in Germany:None, Year of Birth:1957Nationality:GermanElection first effective:2018/08/01Term expires:2023, Deputy Chairman of the Supervisory Board of Deutsche Bank AGSelf-employed corporate consultant, Norbert Winkeljohann Advisory & Investments, Since 2022:Deputy Chairman of the Supervisory Board of Deutsche Bank AG, 2011 2018:Chairman of the Management Board of PwC Europe SE WPG (Spokesman of the Management Board of PwC Europe AG WPG until 2014), Frankfurt am Main, Germany, 2010 2018:Spokesman of the Executive Board of PricewaterhouseCoopers GmbH Wirtschaftsprfungsgesellschaft (formerly Spokesman of the Management Board of PricewaterhouseCoopers Aktiengesellschaft Wirtschaftsprfungsgesellschaft), Frankfurt am Main, Germany, 1999 2010:Member of the Management Board of PricewaterhouseCoopers AG WPG and Head of the Business Division Mid-Caps and Family Firms in Germany and Europe, Frankfurt am Main, Germany, 1994 1998:Auditor and Tax Consultant; Executive Partner of Societts Treuhand Gruppe, Hannover / Osnabrck, Germany, 1993:Auditing and consultancy work at Deloitte (formerly Touche Ross), London, United Kingdom, 1988 1993:Senior executive at Deloitte GmbH Wirtschaftsprfungsgesellschaft, International Tax, Dsseldorf, Germany, 1986 1988:Audit assistant at Dr. Kcke und Partner GmbH Wirtschaftsprfungsgesellschaft, Bank auditing, Dsseldorf, Germany, 2017:Named Honorary Professor of the Goethe University Frankfurt, 2001: Named Honorary Professor of the University of Osnabrck, 1983 1986:University of Hagen, Doctorate in Business Administration and Economics from the Department of Accounting, Taxes and Auditing (Dr. rer. She previously spent nine years in Group Strategy & Planning, which she ran from 2011 to 2015. Employer Branding Job Titles Talent Acquisition Interview Questions Organizational Structure Onboarding People Analytics Employee . Juli 2020 offiziell Deutsche Bank Park (zuvor Commerzbank Arena), ist ein Fuballstadion in Frankfurt am Main.Es liegt im Stadtwald im Stadtteil Frankfurt-Sachsenhausen.Das 1925 erffnete, seither mehrfach modernisierte Stadion wurde anlsslich der Fuball-Weltmeisterschaft 2006 von 2002 bis 2005 als reines Fuballstadion ohne . Organisational structures must follow the Three Lines of Defence model with a clear definition of roles and responsibilities for all risk types. AI in banking and business what can it do and who stands to gain? Deutsche Bank is the leading German bank with strong European roots and a global network. Will Covid-19 be an opportunity or threat to sustainable development? 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 Boards focus on accelerating strategy execution, Friederike Rotsch appointed General Counsel of Deutsche Bank, Karl von Rohr not seeking to renew his contract as Member of Deutsche Banks Management Board, Deutsche Banks Annual General Meeting 2023 shareholders to vote on 50% higher dividend, Deutsche Bank announces decision to redeem its Fixed to Fixed Reset Rate Subordinated Tier 2 Notes due 2028, Copyright 2023 Deutsche Bank AG, Frankfurt am Main, 0 The bank focuses on its strengthsin a Corporate Bank newly created in 2019, a leading Private Bank, a focused investment bank and in asset management. 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 Ludwig Blomeyer-Bartenst. Born: 1970Nationality: GermanFirst appointed: 2015. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. The aim of the reorganisation is to focus the management team more closely on the four business divisions in order to ensure sustainable profitability . He also holds a PhD in Economics from the University of Chicago. He was Head of Group Audit from June 2013 to December 2014, prior to which he held a number of management positions in Risk. In 2010 we were among the first banks in the United Kingdom to adopt the UK Code of Practice on Taxation for Banks. Von Rohr joined Deutsche Bank in 1997. In the light of the reorganisation, the current Chief Operating Officer, Frank Kuhnke, will leave Deutsche Bank. Mobilisation and Administration of Credit Claims (MACCs), OpenMarket Tender Operation System (OMTOS), Overview We support young sporting talent too. The Management Boardis responsible for managing the company. In Europe, Deutsche Bank is well placed to benefit from the aforementioned resilient conditions in its home market, Germany, and from continued strong levels of corporate activity in the euro zone. Together we're sharing new perspectives and transforming what it means to be a bank. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. This will align the leadership team to the third phase of the bank's transformation which was launched in December 2020. Views 10. It regulates the structure, the scope, duties and functions of the Deutsche Bundesbank as central bank. 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. He is also responsible for the regions Germany and Europe, Middle East and Africa (EMEA). Three years later he became Global Head of Financial Planning and Analysis. 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? Short also takes over Global Procurement from the Chief Operating Office (COO) and Management Board responsibility for the Capital Release Unit. 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. Hamburg, Mecklenburg-West Pomerania and Schleswig-Holstein, Overview Born: 1974Nationality:British, New ZealanderFirst appointed: 2021. The banks risk management and control functions will also be reorganised. AI in banking and business what can it do and who stands to gain? We aim for our dealings with tax authorities to be undertaken in a proactive, transparent, professional, courteous and timely manner and seek to develop and foster good working relationships with tax authorities. She joined Deutsche Bank on its graduate programme in Auckland in 1998. Move Director Mayree Clark Move Director, Employee Represent. 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. OpenMarket Tender Operation System (OMTOS), Overview Are sustainable cities a solution to climate change? We serve stakeholders best by offering solutions to our clients and participating in value creation by them. Deutsche Bank this summer announced an historic overhaul that will cost more than $8 billion and include 18,000 layoffs globally. Deutsche Schule Istanbul . Were proud that many of our employees take part in civic engagement. pol. Stefan Simon studied law at the University of Cologne and received his doctorate there in 1998. Climate emergency: can green tech save us? How can companies and decision-makers reset for growth beyond corona virus? The Bundesbank's decision-making body is the Executive Board. Committees of the Supervisory Board. Overall, we see Deutsche Banks leadership well positioned, which is also underscored by the new contract for Christian Sewing., Achleitner also thanked the departing Board member, Frank Kuhnke. Supervisory Board. From 2005 until 2007, Christian Sewing was a member of the Management Board of Deutsche Genossenschafts-Hypothekenbank. Before that, he was also responsible for theCorporate Bank and the Investment Bank. The Deutsche Bank Building (formerly Bankers Trust Plaza) was a 39-story office building located at 130 Liberty Street in Manhattan, New York City, adjacent to the World Trade Center site.The building opened in 1974 and closed following the September 11 attacks in 2001, due to contamination that spread from the collapse of the South Tower.The structure was designed by Shreve, Lamb & Harmon . Deutsche Bank today announced a reorganisation of its Management Board. Karl von Rohr studied law at the universities of Bonn (Germany), Kiel (Germany) and Lausanne (Switzerland) and at Cornell University (USA). Members:Alexander Wynaendts, ChairmanDetlef Polaschek*Frank Werneke*Professor Dr. Norbert Winkeljohann. 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 . You can also download the bank sort code files. Company Structure and service offering. We seek to understand and mitigate these risks where possible. This will align the leadership team to the third phase of the banks transformation which was launched in December 2020. Strong governance framework to protect stakeholders interests. Whether supplying cash to the economy, being actively involved in banking supervision or giving talks to the general public under the rubric of economic education, the Bundesbank is on hand as a service provider, supervisor and information provider at approximately 40 locations throughout Germany. In doing so, we seek to ensure that our bank is competitive and profitable while being underpinned by strong capital and liquidity. Panel on Household Finances (PHF), Overview Corporate Bank Investment Bank Private Bank The Supervisory Board has established standing committees. Stoy will also become a member of the Group Management Committee (GMC). On May 1, 2021 he took on additional responsibility for Human Resources. Michael Ilgner, Global Head of HR, will report to Sewing. Deutsche Bank has established strong bases in all major emerging markets, and therefore has good prospects for business growth in fast-growing economies, including theAsia Pacific region, Central and Eastern Europe, and Latin America. "Christian Sewings management team has impressively transformed and strengthened Deutsche Bank over the past three years," said Paul Achleitner, Chairman of the Supervisory Board. From 2013 to 2015 he was Global Chief Operating Officer, Regional Management. 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. The Management Board has, as its prime responsibility, the group's strategic management, resource allocation, financial accounting and reporting, risk management, and corporate control. Corporate Governance Organizational Structure Committees of the Supervisory Board Committees The Supervisory Board has established the following standing committees: Chairman's Committee Members: Alexander Wynaendts, Chairman Detlef Polaschek* Frank Werneke* Professor Dr. Norbert Winkeljohann Banking stimulates the growth of business by generating confidence and predictability in a currency, and that growth in turn increases the demand for banking services. 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. AI in banking and business what can it do and who stands to gain? Financial and monetarystability, Residential Mortgages of private households, Authorisation procedure, Holder control, Governance, Supervisory reporting of institutions of the LCR, Supervisory reporting of institutions with regard to the net stable funding ratio, Additional monitoring metrics for liquidity reporting, Treatment of central bank reserves in the LCR, Regulation on the liquidity of institutions, Payment institutions and e-money institutions, Overview Exhibition: Money in caricature and satire, Executive Board of the Deutsche Bundesbank, Bundesbank: An important partner at your side. What does it take to make bold moves in business? (Source: Corporate Governance Report), * Employee Representative on the Supervisory Board, 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. There are also changes relating to the Private Bank. . Find executives, board members, teams, related companies, and more. 2010 - 2016:Chairman and Chief Executive Officer, CIT Group Inc. 2009:President of Global Investment Banking, Markets and Wealth Management, Bank of America. In January 1979, the predecessor of National Development Bank PLC ("NDB" or "Bank") was set up by the National Development Bank of Sri Lanka . 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. In August 2021 he took on additional responsibility at Management Board level for Deutsche Bank in theUK andIreland (UKI). Read more Industries Banking Headquarters 2. Deutsche Bank has a market leading financing business with a global footprint and unique capabilities. This is exacerbated by the growing complexity of international tax laws and divergent approach of national tax authorities in various instances. Since 2015, . 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. 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. He joined the board in November 2019 in his former role of Chief Transformation Officer, responsible for transformation and Human Resources. These tax principles, which have been embedded in the banks control framework for a number of years, have been approved by our Management Board and apply to all our businesses and group entities. Going forward, Ilgner will also oversee Global Real Estate to adapt the banks strategy in this area to the future working environment. Climate emergency: can green tech save us? Bernd Leukert, Management Board member responsible for Technology, Data and Innovation (TDI), will assume responsibility for most of the remaining COO areas. Born: 1969Nationality: GermanFirst appointed: 2020. Are sustainable cities a solution to climate change? Or Tom Bowers? 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. Born: 1971Nationality: FrenchFirst appointed: 2022. James von Moltke has been a member of the Management Board since July 1, 2017. 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.".
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