The Central Office is located in Frankfurt am Main. Deutsche Bank focuses its Management Board to support sustainable In 1995, he joined J.P. Morgan, working at the bank for 10 years in New York and Hong Kong. Bremen, Lower Saxony and Saxony-Anhalt, Hamburg, Mecklenburg-West Pomerania and Schleswig-Holstein, Overview As part of the reorganisation Sewing will transfer responsibility for the Investment Bank and the Corporate Bank to Fabrizio Campelli, currently serving as Chief Transformation Officer. Campelli holds an MBA from MIT Sloan School of Management and a Business Administration degree from Bocconi University. Since 2008 he has also been an Honorary Professor at the University of Cologne. 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. Financing. The Management Board has, as its prime responsibility, the group's strategic management, resource allocation, financial accounting and reporting, risk management, and corporate control. PDF Deutsche Bank Resolution Plan Section 1: Public Section Find an overview of all former Presidents of the Deutsche Bundesbank and its predecessor institutions since 1948 in our picture archive. 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. This release contains forward-looking statements. 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. Stay up to date with what you want to know. 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. She then set up a new Risk-wide team, Strategic Risk Analysis & Reporting, in 2012 before moving to a senior central management role in Audit in 2013 where she spent two years. He was Head of Group Audit from June 2013 to December 2014, prior to which he held a number of management positions in Risk. 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. The Mediation Committee only meets if necessary. Will Covid-19 be an opportunity or threat to sustainable development? On May 19, 2022 the Annual General Meeting appointed Ernst & Young GmbH Wirtschaftsprfungsgesellschaft, Stuttgart as the auditor of the Annual Financial Statements and as the auditor of the Consolidated Financial Statements for the 2022 financial year. 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. Deutsche Bank : announces comprehensive organizational restructuring The purpose of Banking is to provide a stable platform on which to perform financial transactions. Von Rohr joined Deutsche Bank in 1997. We achieve this by being a leading European bank with a global reach. This will align the leadership team to the third phase of the bank's transformation which was launched in December 2020. She has been a member ofthe Management Board since Jan 1, 2020. But despite the bad headlines, Deutsche Bank isn't going away. Group Governance addresses corporate governance issues throughout Deutsche Bank Group, develops and safeguards efficient corporate governance structures, suitable to support efficient decision-making, to align risk and accountability on the basis of clear and consistent roles and responsibilities, putting a strong focus on enhancing a clear organizational structure along core corporate governance drivers. Together we're sharing new perspectives and transforming what it means to be a bank. Chairman of the Supervisory Board: Alexander R. Wynaendts. We foster teamwork, partnership and inclusion, trusting that each of us will deliver to the expected standards. From 2008 to 2020, he worked at J.P. Morgan, where he served as Chief Risk Officer for Europe, Middle East and Africa and Firmwide Risk Executive for Market Risk. The Management Board is responsible for managing the company. Olivier Vigneron was appointed as a member of the Management Board on May 20, 2022 and is Chief Risk Officer. In 2015, he was appointed Treasurer of Citigroup. Deutsche Bank has four business divisions: the Corporate Bank, the Investment Bank, the Private Bank and the asset manager DWS. 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. The Management Board has, as its prime responsibility, the group's strategic management, resource allocation, financial accounting and reporting, risk management, and corporate control. what Deutsche Bank helps make happen for others, business in a responsible and sustainable way, strong bases in all major emerging markets. The Deutsche Bundesbank was established as the central bank of the Federal Republic of Germany in 1957. Deutsche Schule Istanbul - Wikipedia How can companies and decision-makers reset for growth beyond corona virus. Going forward, Ilgner will also oversee Global Real Estate to adapt the banks strategy in this area to the future working environment. Here is the org chart for the Deutsche Bank leaders in charge of the bank's historic overhaul. SEC Form 20-F. SEC Forms 6-K. ESG. Stoy will also become a member of the Group Management Committee (GMC). Strong governance framework to protect stakeholders interests. 2007 - 2008:Chairman and Chief Executive Officer, Merrill Lynch & Co., Inc. 2006 - 2007:Chief Executive Officer and Director, NYSE Euronext, Inc. 2004 - 2006:Chief Executive Officer and Director, New York Stock Exchange. Christiana joined Deutsche Bank in 2006 where she was most recently Chief Financial Officer of the Corporate & Investment Bank. We serve stakeholders best by offering solutions to our clients and participating in value creation by them. Alexander von zur Mhlen became a member of the Management Board on August 1, 2020. This will align the leadership team to the third phase of the banks transformation which was launched in December 2020. Resolution Plan") of the DB Group. 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.". Will Covid-19 be an opportunity or threat to sustainable development? pol. Deutsche Bank is currently organized in three groups . Deutsche Bank - Org chart | The Org From 2005 until 2007, Christian Sewing was a member of the Management Board of Deutsche Genossenschafts-Hypothekenbank. These requirements are also intended to prevent our bank from committing or facilitating intentionally or negligently criminal offences. The bank has also realigned some infrastructure functions to further sharpen the focus on controls, costs, and risks. Banks or Fintechs Who will be shaping the future of the financial industry? 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 banks return to profitability last year. From 2014 to 2019, he was responsible for product development and innovations as well as the Digital Business Services division on the Executive Board. Organizational Structure. 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. 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. Employer Branding Job Titles Talent Acquisition Interview Questions Organizational Structure Onboarding People Analytics Employee . Major decisions affecting the Bank require Supervisory Board approval. 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. Stefan Simon was appointed as a member of the Management Board on August 1, 2020. Deutsche Bank is the biggest bank in the Euro zone. What does it take to make bold moves in business? Will Covid-19 be an opportunity or threat to sustainable development? 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. Deutsche Bank has a market leading financing business with a global footprint and unique capabilities. The banks risk management and control functions will also be reorganised. The Deutsche Bank Prize in Financial Economics honors renowned researchers who have made influential contributions to the fields of finance and money and macroeconomics, and whose work has led to practical and policy-relevant results. Cash, card, crypto: how the way you pay will affect your life, My way, your way different paths to success. Committees of the Supervisory Board - Deutsche Bank . In the light of the reorganisation, the current Chief Operating Officer, Frank Kuhnke, will leave Deutsche Bank. Memberships of statutory supervisory boards in Germany:Sterbekasse fr die Angestellten der Deutschen Bank Gruppe VVa.G. Deutsche Bank Prize in Financial Economics - Wikipedia Short has a BCom (Honours) degree in Finance & Accounting from the University of Otago, Dunedin, New Zealand. We undertake our tax affairs on a basis which generates sustainable value while meeting applicable legal and regulatory tax requirements. This will be supplemented by a reorganization of executive committees and senior management changes. In keeping with this purpose, we apply the principles set out in this document in the management of our tax affairs. The Management Board has, as its prime responsibility, the Group's strategic management, resource allocation, financial accounting and reporting, risk management, and corporate control. 2010 - 2016:Chairman and Chief Executive Officer, CIT Group Inc. 2009:President of Global Investment Banking, Markets and Wealth Management, Bank of America. There are also changes relating to the Private Bank. Alexander von zur Mhlen holds a Diploma in Business Administration from the Berlin School of Economics and Law. He joined the board in November 2019 in his former role of Chief Transformation Officer, responsible for transformation and Human Resources. It is not official; the only authentic text is the German one as published in the Federal Law Gazette. Uncommercial artificial steps for the purpose of obtaining tax benefits should not be undertaken. It works together closely with the Management Board in a cooperative relationship of trust and for the benefit of the company. Deutsche Bank is Germany's leading ba. Here you will find information on the bank sort code file and on the bank sort code update service. He will be responsible for a closer front-to-back alignment of business and operations, which has proven effective in the Private Bank and the asset manager, DWS. The 1 st Line of Defence refers to those roles in the bank whose activities generate risks, whether financial or non-financial. Born: 1969Nationality: GermanFirst appointed: 2020. 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. He is responsible for the Asia Pacific region. Cash, card, crypto: how the way you pay will affect your life, My way, your way different paths to success. . 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 aim of the reorganisation is to focus the management team more closely on the four business divisions in order to ensure sustainable profitability . Olivier Vigneron studied at the Lyce Louis-le-Grand in Paris and holds a Diplme dIngnieur (degree in Engineering) from Frances cole Polytechnique. Born: 1970Nationality: GermanFirst appointed: 2015. How can companies and decision-makers reset for growth beyond corona virus. Climate emergency: can green tech save us? They are followed by the branches of the Bundesbank. Will greater investment in water resources make for a more sustainable future? PDF India Fact sheet - Deutsche Bank How cloud technology is silently revolutionising our economy. Deutsche Banks set-up includes four divisions that are well-positioned to grow: We aim to dobusiness in a responsible and sustainable way that has positive impact. Deutsche Bank this summer announced an historic overhaul that will cost more than $8 billion and include 18,000 layoffs globally. Deutsche Bank wasfounded in 1870 to accompany German businesses into the world, and has worked across borders ever since. Was Vrablic a CIA case officer? Born: 1965Nationality: GermanFirst appointed: 2015. 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. structure in the United States, mean less interconnectedness and more certainty that we . Accor Expects a Full Occupancy Rebound Early Next Year Are sustainable cities a solution to climate change? with the support of master architect Kapp von Gltstein and the Ottoman Bank Director Wlfing. 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. The Deutsche Bank boards and committees consist of the Management Board, the Supervisory Boardand theCommittees of the Supervisory Board. Before that, he was also responsible for theCorporate Bank and the Investment Bank. Organizational Structure Corporate Governance Framework Reports Documents Tax Strategy Auditors On May 19, 2022 the Annual General Meeting appointed Ernst & Young GmbH Wirtschaftsprfungsgesellschaft, Stuttgart as the auditor of the Annual Financial Statements and as the auditor of the Consolidated Financial Statements for the 2022 financial year. 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. To deliver this, we aim to attract and develop talented individuals. and Goldman Sachs. 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 Geschftskunden AG. Deutsche Bank is the leading German bank with strong European roots and a global network. 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. "It is our priority now to adapt the Management Board for the next phase of Deutsche Banks transformation, which is about efficiency, effective controls and delivering sustainable profitability. Year of Birth:1957Nationality:GermanElection first effective:2003/06/10Term expires:2023, since 2002:DB Privat- und Firmenkundenbank AG (formerly: Deutsche Bank Privat- und Geschftskunden AG), 1982:Certified banker, Chamber of Commerce and Industry qualification ("Bankfachwirt"), 1974 1977:Bank apprenticeship at Deutsche Bank AG, Year of Birth:1967Nationality:GermanElection first effective:2013/05/23Term expires:2023, since 2011:Chairman of theGeneral Staff Council of Postbank Filialvertrieb AG, 2009 2011:Chairman of the Group Staff Council of Deutsche Postbank AG, 2006 2009:Manager of the Group Staff Council of Deutsche Postbank AG, since 2005:Member of the General Staff Council of DP Retail/Postbank Filialvertrieb AG and member of the Committee for Economic Matters, 2002 2006:Chairman of the Staff Council, branches in Dortmund, 1996 2000:Exempted Staff Council member, branches in Lennestadt, 1990 1994:Chairman of local representative committee for young people and trainees (BJAV) at the head management office of the post office in Dortmund/ postal services management office in Dortmund, 1986 1990:Chairman of representative committee for young people and trainees at the post office (V) in Iserlohn, From 1985:Assignments in branches of Deutsche Bundespost/Deutsche Post AG, 1983:Employment as postal assistant trainee at post office (V) Iserlohn, Memberships of statutory supervisory boards in Germany:Postbank Filialvertrieb AG, Memberships of comparable boards:ver.di Vermgensverwaltungsgesellschaft (Deputy Chairman), 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, Universit 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:1955Nationality:US-AmericanElection first effective:2018/05/24Term expires:2023. Like(s). The law was enacted on July26, 1957 and newly announced in the latest version on October22,1992. What does it take to make bold moves in business? Deutsche Bank 3 Summary of Resolution Plan Introduction Deutsche Bank Aktiengesellschaft ("DBAG" and, together with its subsidiaries, the "DB Group") is pleased to present the public section ("Public Section") of the first annual update of its plan for the rapid and orderly resolution of the U.S. operations (the "U.S. We are prepared to discontinue, and have discontinued, relationships with clients in order to safeguard our bank against the risk of tax evasion or other forms of financial crime. Deutsche Bank is the leading bank in Germany with strong European roots and a global network. Will greater investment in water resources make for a more sustainable future? 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. But it will take time . 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. How cloud technology is silently revolutionising our economy. Views 10. How can companies and decision-makers reset for growth beyond corona virus. She previously spent almost six years within Finance as Head of Group Planning & Performance Management from August 2015.
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