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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. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. We foster teamwork, partnership and inclusion, trusting that each of us will deliver to the expected standards. He joined SAP in 1994 and held various management positions. From 2018 to 2020, he was Head of Group Strategy. 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. Deutsche Bank today announced a reorganisation of its Management Board. Organisation Organisation The Deutsche Bundesbank was established as the central bank of the Federal Republic of Germany in 1957. Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. They are followed by the branches of the Bundesbank. 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. Offer for Numis Corporation Plc. Supervisory Board. From 2013 to 2015 he was Global Chief Operating Officer, Regional Management. This is exacerbated by the growing complexity of international tax laws and divergent approach of national tax authorities in various instances. 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 web service offers an interface for programmatic access. DBSI and DBTCA represent 94% of DB USA's total assets, with 72% and 22%, respectively. 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. On May 1, 2021 he took on additional responsibility for Human Resources. 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. 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. Supervisory Board The Supervisory Board oversees and advises the Management Board in its management of Deutsche Bank. Was Vrablic a CIA case officer? In January 1979, the predecessor of National Development Bank PLC ("NDB" or "Bank") was set up by the National Development Bank of Sri Lanka . 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. From November 2015 to November 2019 he was the Board member responsible for Human Resources and until July 2020 for Legal and Governance. In May 2021 he took on additional responsibility for Compliance, Anti-Financial Crime and the Business Selection and Conflicts Office. (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. How can companies and decision-makers reset for growth beyond corona virus. He joined Deutsche Bank on September 1, 2019. 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. Download. These requirements are also intended to prevent our bank from committing or facilitating intentionally or negligently criminal offences. Organigramm Deutsche Bank - The Official Board Board 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. We undertake our tax affairs on a basis which generates sustainable value while meeting applicable legal and regulatory tax requirements. 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. She previously spent almost six years within Finance as Head of Group Planning & Performance Management from August 2015. Management Board The Management Board is responsible for managing the company. He brings 25 years of experience in product development at the leading Germany-based software firm. She previously spent nine years in Group Strategy & Planning, which she ran from 2011 to 2015. Cash, card, crypto: how the way you pay will affect your life, My way, your way different paths to success. What does it take to make bold moves in business? 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. structure in the United States, mean less interconnectedness and more certainty that we . TheSupervisory Board oversees and advises the Management Board in its management of Deutsche Bank. Management Board. But despite the bad headlines, Deutsche Bank isn't going away. 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. Major decisions affecting the Bank require Supervisory Board approval. Organization culture & Deutsche Bank. Stefan Simon joined Deutsche Bank on August 1, 2019. 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. Bernd Leukert, Management Board member responsible for Technology, Data and Innovation (TDI), will assume responsibility for most of the remaining COO areas. 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. Deutsche Bank has four business divisions: the Corporate Bank, the Investment Bank, the Private Bank and the asset manager DWS. The bank has also realigned some infrastructure functions to further sharpen the focus on controls, costs, and risks. Over the last 40 years, Deutsche Bank has grown to become one of the largest foreign banks in Born: 1969Nationality: Australian, GermanFirst appointed: 2017. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir. He started his career at Credit Suisse First Boston in London in 1992. 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. 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. and Goldman Sachs. The Supervisory Board appoints the members of the Management Board and creates succession plans for the Management Board. Corporates and Institutions. The Bundesbanks up-to-date statistical data in the form of time series (also available to download as a CSV file or SDMX-ML file). Deutsche Bank is committed to maintaining a best-in-class corporate governance framework in line with international standards and legal requirements and established a Group Governance Function, mandated to define, implement and monitor a governance framework for Bank globally, facilitate its cross-unit application, assess the respective implementation and ultimately to act as its guardian. 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. Climate emergency: can green tech save us? There are also changes relating to the Private Bank. Will greater investment in water resources make for a more sustainable future? 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. The Management Board has, as its prime responsibility, the group's strategic management, resource allocation, financial accounting and reporting, risk management, and corporate control. . Will Covid-19 be an opportunity or threat to sustainable development? The bank focuses on its strengthsin a Corporate Bank newly created in 2019, a leading Private Bank, a focused investment bank and in asset management. Products traded include bonds, loans and claims, across the capital structure. He is responsible for the Asia Pacific region. He was a member of Deutsche Banks Supervisory Board from August 2016 until July 31, 2019 and was Chairman of its Integrity Committee. Regional offices and branches The Bundesbank's head offices are located in nine German cities. Organizational Structure. with the support of master architect Kapp von Gltstein and the Ottoman Bank Director Wlfing. We support young sporting talent too. On September 14, 1897, the school moved to the new building which contained 15 classes and a conference hall. During his career at Deutsche Bank Karl von Rohr has held various senior management positions in Germany and Belgium. Banks or Fintechs Who will be shaping the future of the financial industry? Here is the org chart for the Deutsche Bank leaders in charge of the bank's historic overhaul. Stoy will also become a member of the Group Management Committee (GMC). Going forward, Ilgner will also oversee Global Real Estate to adapt the banks strategy in this area to the future working environment. 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. Year of Birth: 1975Nationality: GermanFirst appointed: 2020. Will greater investment in water resources make for a more sustainable future? We seek to understand and mitigate these risks where possible. 1978 1984:Studies in economics, business administration and geography at the University of Tbingen and the University of St. Gallen (Switzerland), Memberships of statutory supervisory boards in Germany:Knorr Bremse AG, Munich, Year of Birth:1967Nationality:GermanAppointed by court:2021/11/25Term expires:2023, *Appointed by the court as an employee representative, Chairman of the trade union ver.di (Vereinte Dienstleistungsgewerkschaft), Since 2019:Chairman of the trade union ver.di, Berlin, 2002 2019:Deputy Chairman and Chief Financial Officer (from 2011 to 2019) of ver.di, Berlin, 2001 2002:Member of the National Executive Board of ver.di, Berlin, 1998 2001:Member of the Executive Board of the Media Union (Industriegewerkschaft Medien) (elected office), 1983 1998:National Secretary for the Printing and Publishing sector for the Executive Board of the Media Union, Stuttgart, 1988 1993:Employee in the quality management area of Graphia Hans Gundlach GmbH, Bielefeld, 1987 1988:Community service with the foundation von Bodelschwinghsche Stiftungen Bethel, Bielefeld, 1986:Packaging Mechanic, Graphia Hans Gundlach GmbH, Bielefeld, 1983 1986:Apprenticeship as Packaging Mechanic, Graphia Hans Gundlach GmbH, Bielefeld, Memberships of statutory supervisory boards in Germany:ZDFStudios GmbH, Member of the Television Council of the Zweites Deutsches Fernsehen (ZDF)Member of the Supervisory Board of thever.di Vermgensverwaltungsgesellschaft m.b.H, Year of Birth:1959Nationality:GermanElection first effective: 2021/05/27Term expires:2025, 2015 - 2021:Member of the Board of Management, Finance and ITVolkswagen AG, Wolfsburg, 2008 - 2015: Chairman of the Board of ManagementVolkswagen Financial Services AG, Braunschweig, 2007 - 2008:President and Chief Financial OfficerVolkswagen Credit Inc., USAas well as Regional Manager North and South America for Volkswagen Financial Services AG, 2005 - 2007:Chief Executive Officer & Chief Financial OfficerVolkswagen of America, Inc., and Volkswagen Canada, Inc., USA, 2002 - 2004:Chief Financial OfficerVolkswagen of America, Inc., and Volkswagen Canada, Inc., USA, 2001 - 2002:Corporate TreasurerSAirGroup, Switzerland, 1998 - 2001:Corporate TreasurerVolkswagen of America, Inc., and Volkswagen Canada, Inc., USA, 1992 - 1997: Department Head, Capital Markets Business (Group Treasury)Volkswagen AG, Wolfsburg, 1986 - 1992: Senior Group Leader, Special Financing (Treasury)BASF AG, Ludwigshafen, 1980 - 1986: Studies in Economics, Economics degree, University of Hannover, 1978 - 1980:Savings bank apprenticeship, Stadtsparkasse Hannover, Memberships of statutory supervisory boards in Germany:Traton SE, Munich, Memberships of comparable boards:Chairman of the Supervisory Board, VfL Wolfsburg-Fuball GmbH, WolfsburgMember of the Board of Directors, CGI Inc., Montreal, Canada, 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. James von Moltke holds a Bachelor of Arts degree from New College, University of Oxford. Banking. Such factors are described in detail in our SEC Form 20-F of 12 March 2021 under the heading Risk Factors. The Supervisory Board has established standing committees. Sign up for notifications from Insider! Olivier Vigneron was appointed as a member of the Management Board on May 20, 2022 and is Chief Risk Officer. How can companies and decision-makers reset for growth beyond corona virus. Deutsche Bank is currently organized in three groups . 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. She joined Deutsche Bank on its graduate programme in Auckland in 1998. It regulates the structure, the scope, duties and functions of the Deutsche Bundesbank as central bank. 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. The Central Office is located in Frankfurt am Main. 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. Born: 1971Nationality: FrenchFirst appointed: 2022. This release contains forward-looking statements. Organisational structures must follow the Three Lines of Defence model with a clear definition of roles and responsibilities for all risk types. The Supervisory Board will decide on Lewis's succession in due course. Christiana Riley is responsible forthe banks businesses in the Americas. Views 10. The Management Board has, as its prime responsibility, the group's strategic management, resource allocation, financial accounting and reporting, risk management, and corporate control. Since 2008 he has also been an Honorary Professor at the University of Cologne. Apart from this move the mandate of the Chief Risk Officer remains unchanged. 2010 - 2016:Chairman and Chief Executive Officer, CIT Group Inc. 2009:President of Global Investment Banking, Markets and Wealth Management, Bank of America. Deutsche Bank providesfinancial servicesto companies, governments, institutional investors, small and medium-sized businesses and private individuals. 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. Move Director Mayree Clark Move Director, Employee Represent. Find executives, board members, teams, related companies, and more. 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. What does it take to make bold moves in business? Deutsche Bank this summer announced an historic overhaul that will cost more than $8 billion and include 18,000 layoffs globally. Before graduating with a diploma from the Bankakademie Bielefeld and Hamburg, Christian Sewing completed a bank apprenticeship at Deutsche Bank in 1989. 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. Company Structure and service offering. Will greater investment in water resources make for a more sustainable future? 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. Are sustainable cities a solution to climate change? At an extraordinary meeting today in Frankfurt, the Supervisory Board of Deutsche Bank resolved to restructure the Banks business divisions. Deutsche Bank wasfounded in 1870 to accompany German businesses into the world, and has worked across borders ever since. Cash, card, crypto: how the way you pay will affect your life, My way, your way different paths to success. 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. We are committed to a culture that appropriately aligns risks and rewards. What does it take to make bold moves in business? The 1st Line of Defence refers to those roles in the bank whose activities generate risks, whether financial or non-financial. 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. . Cash, card, crypto: how the way you pay will affect your life, My way, your way different paths to success. Members:Michele Trogni, ChairpersonJan Duscheck*Martina Klee*Bernd Rose*Yngve SlyngstadAlexander WynaendtsThe Tasks of the Committee can be found in the Terms of Reference. Currently she is Head of Group Planning & Performance Management and Member of the Group Management Committee (GMC). 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. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. 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). Alexander von zur Mhlen holds a Diploma in Business Administration from the Berlin School of Economics and Law. The Management Board has, as its prime responsibility, the Group's strategic management, resource allocation, financial accounting and reporting, risk management, and corporate control. In the light of the reorganisation, the current Chief Operating Officer, Frank Kuhnke, will leave Deutsche Bank. pol. It was last amended on July 4, 2013. what Deutsche Bank helps make happen for others, business in a responsible and sustainable way, strong bases in all major emerging markets. The law was enacted on July26, 1957 and newly announced in the latest version on October22,1992. 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. Find an overview of all former Presidents of the Deutsche Bundesbank and its predecessor institutions since 1948 in our picture archive. 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. 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. Christian Sewing has been a member of the Management Board since January 1, 2015 and Chief Executive Officer since April 2018. Deutsche Bank has a market leading financing business with a global footprint and unique capabilities. Before that, he was also responsible for theCorporate Bank and the Investment Bank. Year of Birth: 1967Nationality: GermanFirst appointed: 2020. Short has a BCom (Honours) degree in Finance & Accounting from the University of Otago, Dunedin, New Zealand. In 2015, he was appointed Treasurer of Citigroup. 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. austin fc jersey academy,