The Management Board has, as its prime responsibility, the group's strategic management, resource allocation, financial accounting and reporting, risk management, and corporate control. Stay up to date with what you want to know. How can companies and decision-makers reset for growth beyond corona virus. Exhibition: Money in caricature and satire, Executive Board of the Deutsche Bundesbank, Bundesbank: An important partner at your side. Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) will fundamentally change its group and leadership structure. It's even been paying "danger money" to bankers in select areas where it wants to grow. He has been President alongside Karl von Rohr since March 25, 2022. 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 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. Deutsche Bank is the leading bank in Germany with strong European roots and a global network. Management Board The Management Board is responsible for managing the company. The Chief Transformation Office will be transferred from Campelli to Rebecca Short who will join the Management Board. What does it take to make bold moves in business? From 2014 to 2019, he was responsible for product development and innovations as well as the Digital Business Services division on the Executive Board. How cloud technology is silently revolutionising our economy. Members:Alexander Wynaendts,, ChairmanMayreeClarkDetlef Polaschek*Frank Werneke*Prof. Dr. Norbert WinkeljohannThe Tasks of the Committee can be found in the Terms of Reference. . Sign up for notifications from Insider! It is one of the organizations which I admire to the . In accordance with our principles, we operate a control framework and governance to ensure that in all material aspects we are compliant with applicable tax laws, we file accurate tax returns, and we pay the amount of tax due. The ownership of the areas within COO will be shared between other Management Board members. 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. We offer structured risk and non-flow financing solutions for clients globally across multiple industries and asset classes. The longest-serving member of the Management Board, Stuart Lewis, Chief Risk Officer, has informed the Supervisory Board of his decision to retire at the Annual General Meeting 2022. "Christian Sewings management team has impressively transformed and strengthened Deutsche Bank over the past three years," said Paul Achleitner, Chairman of the Supervisory Board. The Management Board has, as its prime responsibility, the Group's strategic management, resource allocation, financial accounting and reporting, risk management, and corporate control. 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. We foster teamwork, partnership and inclusion, trusting that each of us will deliver to the expected standards. Deutsche Bank has a market leading financing business with a global footprint and unique capabilities. The Mediation Committee only meets if necessary. Born: 1969Nationality: GermanFirst appointed: 2020. Before graduating with a diploma from the Bankakademie Bielefeld and Hamburg, Christian Sewing completed a bank apprenticeship at Deutsche Bank in 1989. Seeing as our share is also listed on the New York Stock Exchange, we are subject in certain respects to U.S. capital market laws as well as the rules of the Securities and Exchange Commission and the New York Stock Exchange. Find executives, board members, teams, related companies, and more. Christian Sewing Chief Executive Officer, Copyright 2023 Deutsche Bank AG, Frankfurt am Main. Apart from this move the mandate of the Chief Risk Officer remains unchanged. 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. We achieve this by being a leading European bank with a global reach. There are also changes relating to the Private Bank. 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 The main business is the monetary policy of the Eurosystem. pol. Karl von Rohr was appointed as a member of the Management Board on November 1, 2015 and became President in April 2018. Members:Mayree Clark, ChairpersonLudwig Blomeyer-Bartenstein*Jan Duscheck*Michele TrogniStefan Viertel*Professor Dr. Norbert WinkeljohannAlexander WynaendtsThe Tasks of the Committee can be found in the Terms of Reference. 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. It comprises the President, the Vice-President and other members. These requirements are also intended to prevent our bank from committing or facilitating intentionally or negligently criminal offences. Climate emergency: can green tech save us? The 1st Line of Defence refers to those roles in the bank whose activities generate risks, whether financial or non-financial. The Central Office is located in Frankfurt am Main. The Bundesbank's decision-making body is the Executive Board. In 2006, Vrablic met Tom Bowers, who had joined Deutsche Bank the year before with a mandate to help the German bank make a" 2010 - 2016:Chairman and Chief Executive Officer, CIT Group Inc. 2009:President of Global Investment Banking, Markets and Wealth Management, Bank of America. Year of Birth: 1978Nationality: USAFirst appointed: 2020. Views 10. 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. The Management Board has, as its prime responsibility, the group's strategic management, resource allocation, financial accounting and reporting, risk management, and corporate control. 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. In July 2019 he took on responsibility for the Private Bank and Asset Management (DWS). A cadre of executives at the bank will be responsible for navigating the turmoil and guiding the firm to a more stable and profitable future. He joined the board in November 2019 in his former role of Chief Transformation Officer, responsible for transformation and Human Resources. Such factors are described in detail in our SEC Form 20-F of 12 March 2021 under the heading Risk Factors. How can companies and decision-makers reset for growth beyond corona virus. . Christiana joined Deutsche Bank in 2006 where she was most recently Chief Financial Officer of the Corporate & Investment Bank. International Central Banking Courses, Regular refinancing and fine-tuning operations, Pandemic emergency purchase programme (PEPP), Securities lending under the APP and PEPP, Overview OpenMarket Tender Operation System (OMTOS), Overview 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. Committees of the Supervisory Board. A cadre of executives at the bank are now responsible for navigating the turmoil and guiding the firm to a more stable and profitable future. He is also responsible for the regions Germany and Europe, Middle East and Africa (EMEA). 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. 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. Overview From 2010 to 2012, he served as the Banks Chief Credit Officer. He is responsible for the Asia Pacific region. Our risk management framework consists of various components. PKI - Public Key Infrastructures, Certificate Policies (CP) and Certification Practice Statements (CPS), Stock reports on external claims and liabilities, Stock reports on cross-border equity investments, PRISMA: Refining and improving the supervisory reporting system, Training for the Bundesbank's Intermediate Service, Bachelor of Science in Applied Computer Science, Work placements for secondary school students. 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. 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. Organisational structures must follow the Three Lines of Defence model with a clear definition of roles and responsibilities for all risk types. Deutsche Bank providesfinancial servicesto companies, governments, institutional investors, small and medium-sized businesses and private individuals. At the same time, the Supervisory Board wants to send a clear signal of continuity: Christian Sewing, Chief Executive Officer, will receive a new contract running until April 2026. Bernd Leukert became a member of the Deutsche Bank Management Board on January 1, 2020 with responsibility for Technology, Data and Innovation. Von Rohr joined Deutsche Bank in 1997. Our Information Call-Center is available Monday to Friday from 08:00am to 05:00pm. 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. Major decisions affecting the Bank require Supervisory Board approval. What does it take to make bold moves in business? Over the last 40 years, Deutsche Bank has grown to become one of the largest foreign banks in Here you will find information on the bank sort code file and on the bank sort code update service. This will align the leadership team to the third phase of the banks transformation which was launched in December 2020. He was a member of Deutsche Banks Supervisory Board from August 2016 until July 31, 2019 and was Chairman of its Integrity Committee. From 2005 until 2007, Christian Sewing was a member of the Management Board of Deutsche Genossenschafts-Hypothekenbank. Born: 1973Nationality: British, ItalianFirst appointed: 2019. 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. 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. Corporates and Institutions. Organization culture & Deutsche Bank. Karl von Rohr studied law at the universities of Bonn (Germany), Kiel (Germany) and Lausanne (Switzerland) and at Cornell University (USA). Are sustainable cities a solution to climate change? Products traded include bonds, loans and claims, across the capital structure. 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. Are sustainable cities a solution to climate change? It was awarded biannually from 2005 to 2015 by the Center for Financial Studies (CFS), in partnership with Goethe University Frankfurt, and is sponsored by . Across Deutsche Bank, we have a variety of complementary solutions for corporate and institutional clients. Deutsche Bank today announced a reorganisation of its Management Board. The law was enacted on July26, 1957 and newly announced in the latest version on October22,1992. Christiana Riley is responsible forthe banks businesses in the Americas. Born: 1969Nationality: Australian, GermanFirst appointed: 2017. what Deutsche Bank helps make happen for others, business in a responsible and sustainable way, strong bases in all major emerging markets. You can also download the bank sort code files. AI in banking and business what can it do and who stands to gain? Alexander von zur Mhlen 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. The fundamental basis for this is provided by, above all, the German Stock Corporation Act and the German Corporate Governance Code. 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. Alexander von zur Mhlen holds a Diploma in Business Administration from the Berlin School of Economics and Law. Deutsche Schule Istanbul . 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. Cash, card, crypto: how the way you pay will affect your life, My way, your way different paths to success. Alexander von zur Mhlen became a member of the Management Board on August 1, 2020. Banks or Fintechs Who will be shaping the future of the financial industry? He previously worked at SAP, the global software company. Born: 1965Nationality: GermanFirst appointed: 2015. We serve stakeholders best by offering solutions to our clients and participating in value creation by them. At an extraordinary meeting today in Frankfurt, the Supervisory Board of Deutsche Bank resolved to restructure the Banks business divisions. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir. In this context the business-related parts of COO that support the Investment Bank and the Corporate Bank, which were previously run in a centralised organisation, will move closer to their respective businesses under Campellis responsibility. Going forward, Ilgner will also oversee Global Real Estate to adapt the banks strategy in this area to the future working environment. Michael Ilgner, Global Head of HR, will report to Sewing. 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. 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. 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. Deutsche Bank wasfounded in 1870 to accompany German businesses into the world, and has worked across borders ever since. The aim of the reorganisation is to focus the management team more closely on the four business divisions in order to ensure sustainable profitability . 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. We are committed to a culture that appropriately aligns risks and rewards. Copyright 2023 Deutsche Bank AG, Frankfurt am Main. 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.
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