deutsche bank organizational structure deutsche bank organizational structure
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 2nd Line of Defence refers to the roles in the bank who define the risk management framework for a specific risk type. He was a member of Deutsche Banks Supervisory Board from August 2016 until July 31, 2019 and was Chairman of its Integrity Committee. Are sustainable cities a solution to climate change? Deutsche Bank provides corporate and transaction banking, lending, focused investment banking as well as retail and private banking to corporations, governments and institutional investors, small and medium-sized companies and private individuals. Olivier Vigneron was appointed as a member of the Management Board on May 20, 2022 and is Chief Risk Officer. 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. Michael Ilgner, Global Head of HR, will report to Sewing. Christian Sewing Chief Executive Officer, Copyright 2023 Deutsche Bank AG, Frankfurt am Main. DT can also be used to transform an organizational culture by integrating its principles and values, such as user focus, norms of collaboration, risk-taking, ambiguity, experimentation, learning. Deutsche Bank is the leading German bank with strong European roots and a global network. 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. Cash, card, crypto: how the way you pay will affect your life, My way, your way different paths to success. pol. Regional offices and branches The Bundesbank's head offices are located in nine German cities. 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. He joined Deutsche Bank in 2004 after working at McKinsey & Company in the firms London and Milan offices, focusing on strategic assignments mainly for global financial institutions. In conducting our business affairs, setting up and structuring our business operations and commercial activities, we consider among other factors the tax requirements of the respective jurisdictions in which we operate, with a view to generating sustainable value to Deutsche Bank and its shareholders. 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. 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. Move Director Mayree Clark Move Director, Employee Represent. The Supervisory Board appoints the members of the Management Board and creates succession plans for the Management Board. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Like(s). All changes will take effect on 1 May 2021, subject to regulatory approvals. 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. 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. what Deutsche Bank helps make happen for others, business in a responsible and sustainable way, strong bases in all major emerging markets. The Bundesbank's head offices are located in nine German cities. ), 1978 1983:University of Mnster, Business Administration and Economics (Diplom-Kaufmann), Memberships of statutory supervisory boards in Germany:Bayer AG (Chairman of the Supervisory Board)Georgsmarienhtte Holding GmbHSievert SE (Chairman of the Supervisory Board)Bohnenkamp AG (Chairman of the Supervisory Board), Year of Birth:1957Nationality:GermanElection first effective:2018/05/24Term expires:2023, Spokesperson of the Management Bremen of Deutsche Bank AG, since 2016:Spokesperson of the Management Bremen of Deutsche Bank AG, Bremen, 2016 2021:Head of the Market Region Bremen of Deutsche Bank AG, Bremen, 2013 2016:Spokesperson of the Management and Head of the Corporate Clients Region Weser / East Westphalia, Deutsche Bank AG, Bremen, 2006 2013:Spokesperson of the Management and Head of the Corporate Clients Region Weser / Ems, Deutsche Bank AG, Bremen, 2003 2006:Head of the Market Region Bergisches Land, Deutsche Bank AG, 2001 2003:Head of the Corporate Clients Coverage Unit, Deutsche Bank AG, Cologne, 2000 2001:Project management work, Deutsche Bank AG, Frankfurt am Main, 1995 2000:Member of the Management Board of Deutsche Bank Rt., Budapest, Hungary, 1993 1995:Branch Manager, Deutsche Bank AG, Wolfsburg, 1991 1993:Branch Manager, Deutsche Bank AG, Wolfenbttel, 1988 1991:Assistant to the Management Board and authorised signatory (Prokurist), Deutsche Bank AG, Frankfurt am Main, 1986 1988:Corporate Clients department, Deutsche Bank AG, London, UK, 1983 1986:Branch Loan Office, Deutsche Bank AG, Munich, 1983:Graduate Training Course, European Asian Bank Deutsche Bank AG, Singapore, 1982 1983:Loan and Corporate Client department, Deutsche Bank AG, Munich and Augsburg, 1980 1982:Bank apprenticeship at Deutsche Bank AG, Munich, Memberships of statutory supervisory boards in Germany:Frowein & Co. Beteiligungs AG, Wuppertal, Year of Birth:1957Nationality:US-AmericanElection first effective:2018/05/24Term expires:2023, 2011 - 2016:Founder and Managing Partner, Eachwin Capital, New York, USA, 2006 - 2011:Partner and Member of Executive Committee / Senior Advisor, AEA Holdings / Aetos Capital, New York, USA, 1981 - 2005:Managing Director, Morgan Stanley, New York, USA; Served as Director of Global Private Wealth Management; Global Research Director; Chairman of MSCI; deputy to the Chairman, President and Management Committee; Head of Real Estate Capital Markets; Principal, International Capital Markets; Operations Officer, Corporate Finance; and Vice President, Mergers & Acquisitions, 1981:Stanford Graduate School of Business (MBA), 1976:University of Southern California (Bachelor of Science), Memberships of comparable boards:Member of the Board of Directors, Ally Financial, Inc., Detroit, USAMember of the Board of Directors, Allvue Systems Holdings, Inc., Florida, USA, Year of Birth:1984Nationality:GermanAppointed by court:2016/08/02Election first effective:2017/05/18Term expires:2023, Head of national working group Banking, trade union ver.di, Since 2016:Head of national working group Banking, trade union ver.di, 2013 2015:National youth secretary, trade union ver.di, 2008 2013:Trade union secretary for youth to the national executive board, trade union ver.di, 2007 2008:Exempted member of the staff council, Universittsklinikum Leipzig AR, 2003 2008:Member of the youth and trainee representatives, since 2004 Chairman,Universittsklinikum Leipzig AR, 2002 2005:Apprenticeship as healthcare professional and paediatric nurse, Universittsklinikum Leipzig AR, Year of Birth:1971Nationality:GermanAppointed by court:2022/04/07 Term expires:2023* Appointed by the court as an employee representative, since 2022:Chairperson of the Staff Council, Deutsche Bank AG, Berlin, 2018 2022:Deputy Chairperson of the Staff Council, Deutsche Bank AG, Berlin, 2014 2018:Exempted Staff Council member, Deutsche Bank AG, Berlin, 2012 2014:Deputy Chairperson of the Staff Council, Deutsche Bank AG, Berlin, 2007 2012:Corporate Client AdvisorInvestment and Finance Center Kurfrstendamm, Deutsche Bank AG, Berlin, 2007:Qualification as Corporate Client Advisor, Deutsche Bank AG, Berlin, 2004 2007:Support & Service staff memberGTO Service Center Corporates, Deutsche Bank AG, Berlin, 2003 2004:Team Leader Account Adjustment and Balance Confirmation,Service Center Business, Corporate and Investment Bank,Deutsche Bank AG, Berlin, 1990 2003:Various positions in the Corporate Clients Business,Deutsche Bank AG, Berlin, 2000 2003:Certified Professional of Business Management (Betriebswirtin)bbw Akademie fr betriebswirtschaftliche Weiterbildung GmbH, Berlin, 1997 1999:Bachelor Professional of Banking (CCI), Chamber of Commerce and Industry, Berlin, 1994:Recognition of professional apprenticeship as Banker by the Senate Department for Education, Youth and Family, Berlin, 1988 1990:Professional apprenticeship in Banking (Finanzkaufmann),Specialisation in loans and deposits, Deutsche Auenhandelsbank, Berlin, Year of Birth:1959Nationality:GermanAppointed by court:2020/03/11Term expires:2025, Former German Federal Government Minister, Since 2019:Senior Advisor, Eurasia Group, New York, USA, Since 2018:Partner, self-employed advisor, Speech Design SGL GbR, Berlin, 2017 2018:Federal Minister for Foreign Affairs, Federal Foreign Office, Berlin, 2013 2016:Federal Minister, Federal Ministry for Economic Affairs and Energy, Berlin, 2013 2018:Vice Chancellor, German Federal Government, Berlin, 2009 2013:SPD Chairman, SPD Political Party Headquarters, Berlin, 2005 2009:Federal Minister, Federal Ministry for the Environment, Nature Conservation and Reactor Safety, Berlin, 2005 2019:Member of the SPD Parliamentary Group, German Bundestag, Berlin, 2003 2005:Leader of the SPD Parliamentary Group, State Parliament of Lower Saxony, Hanover, 1999 2003:Minister President, Government of Lower Saxony, Hanover, 1991 1999:Member of the Town Council, Goslar, 1990 2005:Member of the State Parliament, State Parliament of Lower Saxony, Hanover, 1989 1990:Lecturer for adult education, Lower Saxony Adult Education Centre (Volkshochschule), Goslar, 1987 1998:Member of the District Parliament, District of Goslar, 1987 1989:Secondary State Exam, Secondary School Teacher Qualification, German Studies and Political Science, University of Gttingen, 1982 1987:First State Exam, Teacher training, German, Literature, Politics and Sociology, University of Gttingen, Memberships of statutory supervisory boards in Germany:Siemens Energy AGThyssenkrupp Steel Europe AG (Chairman of the Supervisory Board), Year of Birth:1975Nationality:GermanElection first effective:2013/05/23Term expires:2023, Since 2014:Chairman of the General Staff Council of PCC Services GmbH der Deutschen Bank (formerly: BHW Kreditservice GmbH), 2011 2018:Chairman of the Group Staff Council of Deutsche Postbank AG, Since 2009:Chairman of the General Staff Council of BHW Bausparkasse AG / Postbank Finanzberatung AG, 2008 2010:Deputy Chairman of the Group Staff Council of Deutsche Post AG, Since 2006:Chairman of the Staff Council of BHW Bausparkasse AG, PCC Services GmbH der Deutschen Bank (formerly: BHW Kreditservice GmbH), Postbank Finanzberatung AG and BHW Holding GmbH, Since 2002:Exempted Staff Council member in Hameln, 1999 2002:Credit administrator at BHW Bausparkasse AG, 1995:Document management administrator at BHW Bausparkasse AG, 1996 1999:Training as an office administrator (Brokaufmann) at BHW Bausparkasse AG, 1992 1995:Training as an electronic specialist for energy systems at BHW Bausparkasse AG, Memberships of statutory supervisory boards in Germany:BHW Bausparkasse AG (Deputy Chairman)PCC Services GmbH der Deutschen Bank (Deputy Chairman), Memberships of comparable boards:Pensionskasse der BHW Bausparkasse AG VVaG (Deputy Chairman), Year of Birth:1962Nationality:GermanElection first effective:2008/05/29Term expires:2023, Since 2018:Deputy Chairperson of the Staff Council PWCC Center Frankfurt of Deutsche Bank, Since 2010:General Staff Council member, Group Staff Council member, European Staff Council member and Chairperson of the Economic Committee, Deutsche Bank, 2003 2018:Chairperson of the Staff Council Group COO Eschborn/Frankfurt, Deutsche Bank, Since 2001:Exempted Staff Council member, General Staff Council member and Economic Committee member, 2000 2001:Deutsche Bank, Quality Assurance, 1992 2000:Deutsche Bank, Foreign Payments Fund Manager, Business Administrator for Industry and Application ProgrammerStudies Political Science and Romance Languages in Marburg, Kassel and Lyon. AI in banking and business what can it do and who stands to gain? Or Tom Bowers? Climate emergency: can green tech save us? Lysaker, Norway Zeiss. Year of Birth: 1978Nationality: USAFirst appointed: 2020. How can companies and decision-makers reset for growth beyond corona virus? At the core of the division is the Global Transaction Banking (GTB) business, which is an established market leader in Europe with on the ground presence in 60 countries, including an extensive footprint in Asia Pacific. 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. It works together closely with the Management Board in a cooperative relationship of trust and for the benefit of the company. Its members are jointly accountable for the management of the company. Rating(s), 36 On May 1, 2021 he took on additional responsibility for Human Resources. There are also a number of highly skilled functions performing key management tasks. Deutsche Bank is Germany's leading ba. Will Covid-19 be an opportunity or threat to sustainable development? 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. The Bundesbank published various studies and conference proceedings, resulting from the research activities of its employees and guest researchers. We offer structured risk and non-flow financing solutions for clients globally across multiple industries and asset classes. 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. He is also responsible for the regions Germany and Europe, Middle East and Africa (EMEA). The banks risk management and control functions will also be reorganised. 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. The Management Board is responsible for managing the company. Overview In May 2021 he took on additional responsibility for Compliance, Anti-Financial Crime and the Business Selection and Conflicts Office. with the support of master architect Kapp von Gltstein and the Ottoman Bank Director Wlfing. Cash, card, crypto: how the way you pay will affect your life, My way, your way different paths to success. In keeping with this purpose, we apply the principles set out in this document in the management of our tax affairs. We manage our tax affairs in a way which aims to ensure that the tax consequences of business operations are appropriately aligned with the economic, regulatory and commercial consequences of those business operations, with due regard being given to the potential perspective of the relevant tax authorities. Three years later he became Global Head of Financial Planning and Analysis. Management Board The Management Board is responsible for managing the company. Stoy will also become a member of the Group Management Committee (GMC). and Goldman Sachs. 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. What does it take to make bold moves in business? 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. 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. You can also download the bank sort code files. 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. Are sustainable cities a solution to climate change? This will align the leadership team to the third phase of the bank's transformation which was launched in December 2020. He joined Deutsche Bank on September 1, 2019. Download. Mobilisation and Administration of Credit Claims (MACCs), OpenMarket Tender Operation System (OMTOS), Overview They are followed by the branches of the Bundesbank. "Rosemary Vrablic: In 1989, a headhunter recruited her for a job in Citicorp's private-banking arm. How cloud technology is silently revolutionising our economy. The law was enacted on July26, 1957 and newly announced in the latest version on October22,1992. 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. With the dual bachelor's degree in applied computer science, we offer an attractive career in the world of information technology. Our business is subject to various risks, including tax-related risks. Members:Michele Trogni, ChairpersonJan Duscheck*Martina Klee*Bernd Rose*Yngve SlyngstadAlexander WynaendtsThe Tasks of the Committee can be found in the Terms of Reference. How cloud technology is silently revolutionising our economy. Supervisory Board The Supervisory Board oversees and advises the Management Board in its management of Deutsche Bank. The web service offers an interface for programmatic access. Deutsche Bank is currently organized in three groups . Das Waldstadion, aufgrund eines Namenssponsorings seit 1. Apart from this move the mandate of the Chief Risk Officer remains unchanged. James von Moltke has been a member of the Management Board since July 1, 2017. Using leaked internal memos and details from Deutsche Bank insiders, Business Insider has crafted an organizational chart of the most powerful people at the bank. 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. The aim is to consolidate the areas which are particularly impacted by legal requirements and require a close dialogue with regulators. 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. Deutsche Bank this summer announced an historic overhaul that will cost more than $8 billion and include 18,000 layoffs globally. Banks or Fintechs Who will be shaping the future of the financial industry? Our in-house Group Tax function is an independent risk and control function separate to our business divisions and we employ skilled professionals to ensure that our position with respect to the banks own tax matters is robust. This will be supplemented by a reorganization of executive committees and senior management changes. We undertake our tax affairs on a basis which generates sustainable value while meeting applicable legal and regulatory tax requirements. He re-joined Deutsche Bank on March 1, 2022. "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. (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. Since 2008 he has also been an Honorary Professor at the University of Cologne. 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.
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