deutsche bank organizational structure

To deliver this, we aim to attract and develop talented individuals. 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. OpenMarket Tender Operation System (OMTOS), Overview Organisation Chart Central Office | Deutsche Bundesbank Its members are jointly accountable for the management of the company. 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 Chief Transformation Officer 1 Stefan Simon Chief Administrative Officer 0 Claudio de Sanctis Head of Wealth Management 0 Rebecca Short Chief Transformation Officer 0 Olivier Vigneron Group Chief Risk Officer 0 Add people Board & Advisors Paul Achleitner Chairman Bernd Rose Supervisory Board Dagmar Valcrcel Supervisory Board Detlef Polaschek Stefan Simon studied law at the University of Cologne and received his doctorate there in 1998. 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. But despite the bad headlines, Deutsche Bank isn't going away. Jamie Walters, CAIA on Twitter 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. Deutsche Bank wasfounded in 1870 to accompany German businesses into the world, and has worked across borders ever since. The aim is to consolidate the areas which are particularly impacted by legal requirements and require a close dialogue with regulators. 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 does it take to make bold moves in business? Banking. Deutsche Bank's 2019 Org Chart After Restructuring DHL - Org Chart, Teams, Culture & Jobs | The Org It's even been paying "danger money" to bankers in select areas where it wants to grow. There are also a number of highly skilled functions performing key management tasks. Such factors are described in detail in our SEC Form 20-F of 12 March 2021 under the heading Risk Factors. 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. Org Chart Deutsche Bank - The Official Board He brings 25 years of experience in product development at the leading Germany-based software firm. Deutsche Bank is the leading German bank with strong European roots and a global network. Rhineland-Palatinate and Saarland, Research Council, Research Professors and Research Fellows, Overview Deutsche Bank focuses its Management Board to support sustainable Stefan Simon was appointed as a member of the Management Board on August 1, 2020. Deutsche Bank is currently organized in three groups . In 2015, he was appointed Treasurer of Citigroup. National Development Bank (Sri Lanka) - Wikipedia Will greater investment in water resources make for a more sustainable future? He was Head of Group Audit from June 2013 to December 2014, prior to which he held a number of management positions in Risk. The mission statement constitutes a long-term roadmap, forming the foundation of the medium-term Strategy 2020. Our business is subject to various risks, including tax-related risks. How can companies and decision-makers reset for growth beyond corona virus. 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 . These requirements are also intended to prevent our bank from committing or facilitating intentionally or negligently criminal offences. Corporate Bank Investment Bank Private Bank 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. Alexander von zur Mhlen became a member of the Management Board on August 1, 2020. . Climate emergency: can green tech save us? 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. Rating(s), 36 Exhibition: Money in caricature and satire, Executive Board of the Deutsche Bundesbank, Bundesbank: An important partner at your side. Collateralmanagement Access Portal (CAP), Mobilisation and Administration of Credit Claims (MACCs), Overview 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. We believe art and culture should be open to all. James von Moltke has been a member of the Management Board since July 1, 2017. What does it take to make bold moves in business? Members:Professor Dr. Norbert Winkeljohann, ChairmanDelef Polaschek*Bernd Rose*Dr. Dagmar ValcrcelFrank Werneke*Alexander WynaendtsThe Tasks of the Committee can be found in the Terms of Reference. How can companies and decision-makers reset for growth beyond corona virus. Our risk management framework consists of various components. 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. Going forward, Ilgner will also oversee Global Real Estate to adapt the banks strategy in this area to the future working environment. The Management Boardis responsible for managing the company. Strong governance framework to protect stakeholders interests. 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. How can companies and decision-makers reset for growth beyond corona virus. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Deutsche Bank - a strong partner in Indonesia We support young sporting talent too. Deutsche Bank Building - Wikipedia He has worked in Frankfurt, London, Singapore, Tokyo and Toronto. 2. 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. Committees of the Supervisory Board - Deutsche Bank AI in banking and business what can it do and who stands to gain? Corporates and Institutions. Climate emergency: can green tech save us? 1984 1987:University of BonnAssistant at the research chair of Prof. Dr. Albach, Dr. rer. The aim of the reorganisation is to focus the management team more closely on the four business divisions in order to ensure sustainable profitability . 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. Banks or Fintechs Who will be shaping the future of the financial industry? . The 2nd Line of Defence refers to the roles in the bank who define the risk management framework for a specific risk type. Across Deutsche Bank, we have a variety of complementary solutions for corporate and institutional clients. Stay up to date with what you want to know. How cloud technology is silently revolutionising our economy. But it will take time . Here you will find information on the bank sort code file and on the bank sort code update service. 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. The Chief Operating Office will no longer be a separate Management Board function going forward. Members:Alexander Wynaendts,, ChairmanMayreeClarkDetlef Polaschek*Frank Werneke*Prof. Dr. Norbert WinkeljohannThe Tasks of the Committee can be found in the Terms of Reference. Accor Expects a Full Occupancy Rebound Early Next Year How cloud technology is silently revolutionising our economy. 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. The ownership of the areas within COO will be shared between other Management Board members. Our Information Call-Center is available Monday to Friday from 08:00am to 05:00pm. The Supervisory Board appoints the members of the Management Board and creates succession plans for the Management Board. 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. Banks or Fintechs Who will be shaping the future of the financial industry? 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. Here is the org chart for the Deutsche Bank leaders in charge of the bank's historic overhaul. In 2006, Vrablic met Tom Bowers, who had joined Deutsche Bank the year before with a mandate to help the German bank make a" Based on this model we have a clear framework setting out roles and responsibilities for defined tax types to ensure we remain compliant with our tax obligations. To ensure an orderly transition, Stefan Simon, Chief Administrative Officer and Member of the Management Board responsible for Legal and Regulatory Affairs, will assume responsibility for Compliance and Anti-Financial Crime (AFC), with effect from May 2021. On May 1, 2021 he took on additional responsibility for Human Resources. We support education, enterprise and communities through our corporate social responsibility. The law was enacted on July26, 1957 and newly announced in the latest version on October22,1992. 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. Like(s). In 1998, Deutsche Bank launched a divisionalized group structure, initially with the aim of building up a global investment bank that would rank with the global leaders in all business lines. and Goldman Sachs. 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. Company Structure and service offering. 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. 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. 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. Organizational structure and education He has been President alongside Karl von Rohr since March 25, 2022. Christiana Riley is responsible forthe banks businesses in the Americas. Berichte Deutsche Bank Trust Preferred Securities Berichte Deutsche Postbank Funding Trusts Hauptversammlung ESG Service und Kontakte . The National Development Bank PLC (commonly referred to as NDB Bank) is a Sri Lankan banking and financial services institution, headquartered in Colombo, Sri Lanka.Having begun operations as a state-owned development finance institution in 1979. Deutsche Bank this summer announced an historic overhaul that will cost more than $8 billion and include 18,000 layoffs globally. Eurosystem Collateral Management System, Overview with the support of master architect Kapp von Gltstein and the Ottoman Bank Director Wlfing. Banks or Fintechs Who will be shaping the future of the financial industry? The main business is the monetary policy of the Eurosystem. Download. The Offer would be made solely by means of an offer or scheme document which would contain the full terms and conditions of such Offer, including details on how it may be accepted. Who we are Bernd Leukert, Management Board member responsible for Technology, Data and Innovation (TDI), will assume responsibility for most of the remaining COO areas. 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 &. The fundamental basis for this is provided by, above all, the German Stock Corporation Act and the German Corporate Governance Code. This release contains forward-looking statements. He is a lawyer and tax consultant and between 1997 and 2016 worked at law firm Flick Gocke Schaumburg, where he became a partner in 2002. Banks and other financial corporations, Property prices and prices for construction work, Exchange rates, euro foreign exchange reference rates, gold prices, International investment position and external debt, Overview Members:Alexander Wynaendts, ChairmanDetlef Polaschek*Frank Werneke*Professor Dr. Norbert WinkeljohannIn addition to the eight standing committees, the Mediation Committee, which is required by German law, makes proposals to the Supervisory Board on the appointment or dismissal of members of the Management Board in cases where the Supervisory Board is unable to reach a two-thirds majority decision. Will Covid-19 be an opportunity or threat to sustainable development? . 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. Supervisory Board The Supervisory Board oversees and advises the Management Board in its management of Deutsche Bank. We advocate the development of sound regulations and internal procedures to combat financial crime, including tax evasion, and do not endorse actions that seek to undermine tax reporting of financial account information under applicable legislation, such as the Common Reporting Standard (CRS) or the Foreign Account Tax Compliance Act (FATCA). Dedicated Management Board member responsible for the Investment Bank and the Corporate Bank New organisation of infrastructure functions New contract for CEO Sewing, running until 2026 Rebecca Short to join the Management Board. 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 Chairmans Committee while taking into account recommendations of the Nomination Committee. 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 providesfinancial servicesto companies, governments, institutional investors, small and medium-sized businesses and private individuals. The Bundesbank's decision-making body is the Executive Board. He also holds a PhD in Economics from the University of Chicago. 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. 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. Tax Strategy - Deutsche Bank Deutsche Bank today announced a reorganisation of its Management Board. 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. All changes will take effect on 1 May 2021, subject to regulatory approvals. Short also takes over Global Procurement from the Chief Operating Office (COO) and Management Board responsibility for the Capital Release Unit. "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. Deutsche Bank - Org Chart, Teams, Culture & Jobs | The Org 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. 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. The bank has also realigned some infrastructure functions to further sharpen the focus on controls, costs, and risks. How deutsche bank's IT division used design thinking to achieve Boards and committees What does it take to make bold moves in business? The Corporate Bank serves as the hub for our corporate and commercial clients. 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. 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 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. The Chief Transformation Office will be transferred from Campelli to Rebecca Short who will join the Management Board. 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. Deutsche Bank : announces comprehensive organizational restructuring He joined Deutsche Bank in 1989. The web service offers an interface for programmatic access. Investment Bank The 1st Line of Defence refers to those roles in the bank whose activities generate risks, whether financial or non-financial. The Supervisory Board has established standing committees. The Central Office is located in Frankfurt am Main. AI in banking and business what can it do and who stands to gain? How can companies and decision-makers reset for growth beyond corona virus? Management Board The Management Board is responsible for managing the company. Bremen, Lower Saxony and Saxony-Anhalt, Hamburg, Mecklenburg-West Pomerania and Schleswig-Holstein, Overview 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. structure in the United States, mean less interconnectedness and more certainty that we . Cash, card, crypto: how the way you pay will affect your life, My way, your way different paths to success. Reports - Deutsche Bank He is the Chief Financial Officer. In doing so, we seek to ensure that our bank is competitive and profitable while being underpinned by strong capital and liquidity. Deutsche Bank Trust Company Americas (DBTCA), the broker-dealer and lead bank subsidiaries of DB USA, and through DBAG NY, our New York branch. Move Director Mayree Clark Move Director, Employee Represent. Mobilisation and Administration of Credit Claims (MACCs), OpenMarket Tender Operation System (OMTOS), Overview Organisational structures must follow the Three Lines of Defence model with a clear definition of roles and responsibilities for all risk types. She joined Deutsche Bank on its graduate programme in Auckland in 1998. He is also responsible for the regions Germany and Europe, Middle East and Africa (EMEA). They are followed by the branches of the Bundesbank.
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