Such factors are described in detail in our SEC Form 20-F of 12 March 2021 under the heading Risk Factors. What does it take to make bold moves in business? 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. 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. Will Covid-19 be an opportunity or threat to sustainable development? In doing so, we seek to ensure that our bank is competitive and profitable while being underpinned by strong capital and liquidity. Sean O'Neill. AI in banking and business what can it do and who stands to gain? They are followed by the branches of the Bundesbank. In 2015, he was appointed Treasurer of Citigroup. By their very nature, forward-looking statements involve risks and uncertainties. Uncommercial artificial steps for the purpose of obtaining tax benefits should not be undertaken. In August 2021 he took on additional responsibility at Management Board level for Deutsche Bank in theUK andIreland (UKI). You can also download the bank sort code files. Our risk management framework consists of various components. But it will take time . Rebecca Short has been a Member of the Management Board and Chief Transformation Officer since May 1, 2021. James von Moltke holds a Bachelor of Arts degree from New College, University of Oxford. The Tasks of the Committee can be found in the Terms of Reference. Move Director Mayree Clark Move Director, Employee Represent. We ensure the responsible, value-driven management and control of Deutsche Bank through our system of corporate governance, which has four key elements: good relations with shareholders, effective cooperation between the Management Board and the Supervisory Board, a system of performance-related compensation for managers and employees, as well as transparent and early reporting. 2. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. 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. Members:John Thain, ChairmanMayree ClarkTimo Heider*Detlef Polaschek*Michele TrogniStefan Viertel*Frank Werneke*Alexander WynaendtsThe Tasks of the Committee can be found in the Terms of Reference. In the light of the reorganisation, the current Chief Operating Officer, Frank Kuhnke, will leave Deutsche Bank. Banking. Corporate Governance Organizational Structure Committees of the Supervisory Board Committees The Supervisory Board has established the following standing committees: Chairman's Committee Members: Alexander Wynaendts, Chairman Detlef Polaschek* Frank Werneke* Professor Dr. Norbert Winkeljohann Stay up to date with what you want to know. He was Head of Group Audit from June 2013 to December 2014, prior to which he held a number of management positions in Risk. 1984 1987:University of BonnAssistant at the research chair of Prof. Dr. Albach, Dr. rer. He previously worked at SAP, the global software company. AI in banking and business what can it do and who stands to gain? From 2014 to 2019, he was responsible for product development and innovations as well as the Digital Business Services division on the Executive Board. 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. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir. Born: 1965Nationality: GermanFirst appointed: 2015. What does it take to make bold moves in business? 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. 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. Financial and monetarystability, Residential Mortgages of private households, Authorisation procedure, Holder control, Governance, Supervisory reporting of institutions of the LCR, Supervisory reporting of institutions with regard to the net stable funding ratio, Additional monitoring metrics for liquidity reporting, Treatment of central bank reserves in the LCR, Regulation on the liquidity of institutions, Payment institutions and e-money institutions, Overview Will greater investment in water resources make for a more sustainable future? How cloud technology is silently revolutionising our economy. 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. Deutsche Bank has a market leading financing business with a global footprint and unique capabilities. The Management Board is responsible for managing the company. We seek to understand and mitigate these risks where possible. 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. "Christian Sewings management team has impressively transformed and strengthened Deutsche Bank over the past three years," said Paul Achleitner, Chairman of the Supervisory Board. Over the last 40 years, Deutsche Bank has grown to become one of the largest foreign banks in Deutsche Bank today announced a reorganisation of its Management Board. How can companies and decision-makers reset for growth beyond corona virus. structure in the United States, mean less interconnectedness and more certainty that we . The main business is the monetary policy of the Eurosystem. Christiana joined Deutsche Bank in 2006 where she was most recently Chief Financial Officer of the Corporate & Investment Bank. what Deutsche Bank helps make happen for others, business in a responsible and sustainable way, strong bases in all major emerging markets. 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. 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. From 2008 to 2020, he worked at J.P. Morgan, where he served as Chief Risk Officer for Europe, Middle East and Africa and Firmwide Risk Executive for Market Risk. Corporates and Institutions. Deutsche Bank is Germany's leading ba. The Supervisory Board reviews the efficiency of its work on a regular basis. AI in banking and business what can it do and who stands to gain? He joined SAP in 1994 and held various management positions. Our Information Call-Center is available Monday to Friday from 08:00am to 05:00pm. Together we're sharing new perspectives and transforming what it means to be a bank. Christian Sewing Chief Executive Officer, Copyright 2023 Deutsche Bank AG, Frankfurt am Main. 2010 - 2016:Chairman and Chief Executive Officer, CIT Group Inc. 2009:President of Global Investment Banking, Markets and Wealth Management, Bank of America. The Deutsche Bundesbank was established as the central bank of the Federal Republic of Germany in 1957. Or Tom Bowers? The 1st Line of Defence refers to those roles in the bank whose activities generate risks, whether financial or non-financial. Research Data and Service Centre, Overview In May 2021 he took on additional responsibility for Compliance, Anti-Financial Crime and the Business Selection and Conflicts Office. Christian Sewing has been a member of the Management Board since January 1, 2015 and Chief Executive Officer since April 2018. 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. Berichte Deutsche Bank Trust Preferred Securities Berichte Deutsche Postbank Funding Trusts Hauptversammlung ESG Service und Kontakte . On September 14, 1897, the school moved to the new building which contained 15 classes and a conference hall. Investment Bank He has been President alongside Karl von Rohr since March 25, 2022. This release contains forward-looking statements. How cloud technology is silently revolutionising our economy. 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. Deutsche Bank is the biggest bank in the Euro zone. Its members are jointly accountable for the management of the company. Like(s). The Supervisory Board will decide on Lewis's succession in due course. It works together closely with the Management Board in a cooperative relationship of trust and for the benefit of the company. He joined Deutsche Bank in 1989. Karl von Rohr studied law at the universities of Bonn (Germany), Kiel (Germany) and Lausanne (Switzerland) and at Cornell University (USA). 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. This will be supplemented by a reorganization of executive committees and senior management changes. 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. Collateralmanagement Access Portal (CAP), Mobilisation and Administration of Credit Claims (MACCs), Overview He is also responsible for the regions Germany and Europe, Middle East and Africa (EMEA). The 2nd Line of Defence refers to the roles in the bank who define the risk management framework for a specific risk type. Find executives, board members, teams, related companies, and more. 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. She moved to London in 2000 with Credit Risk Management where she spent 12 years, latterly as European Head of Corporates. Chairman of the Supervisory Board: Alexander R. Wynaendts. At an extraordinary meeting today in Frankfurt, the Supervisory Board of Deutsche Bank resolved to restructure the Banks business divisions. We support young sporting talent too. Rhineland-Palatinate and Saarland, Research Council, Research Professors and Research Fellows, Overview 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. Das Waldstadion, aufgrund eines Namenssponsorings seit 1. Corporate Bank Investment Bank Private Bank We thank him for a total of 35 years of commitment and successful work for Deutsche Bank and wish him all the best for his future endeavours.". The Management Board has, as its prime responsibility, the Group's strategic management, resource allocation, financial accounting and reporting, risk management, and corporate control. James von Moltke has been a member of the Management Board since July 1, 2017. Its members are jointly accountable for the management of the company. 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. pol. Will greater investment in water resources make for a more sustainable future? He joined the board in November 2019 in his former role of Chief Transformation Officer, responsible for transformation and Human Resources. Company Structure and service offering. The aim is to consolidate the areas which are particularly impacted by legal requirements and require a close dialogue with regulators. Deutsche Schule Istanbul . The fundamental basis for this is provided by, above all, the German Stock Corporation Act and the German Corporate Governance Code. 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 &. Kai Pfaffenbach/Reuters; Deutsche Bank; Yutong Yuan/Business Insider, NOW WATCH: 'Openness actually draws people into the story': Why The New York Times is now putting its journalists front and center. 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 ownership of the areas within COO will be shared between other Management Board members. 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. 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. 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. 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 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. Read more Industries Banking Headquarters 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. The Deutsche Bundesbank is the central bank of the Federal Republic of Germany. The Management Board has, as its prime responsibility, the group's strategic management, resource allocation, financial accounting and reporting, risk management, and corporate control. They are followed by the branches of the Bundesbank. Eurosystem Collateral Management System, Overview In 2010 we were among the first banks in the United Kingdom to adopt the UK Code of Practice on Taxation for Banks. Ludwig Blomeyer-Bartenst. 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. Ludwig Blomeyer-Bartenst. 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. Organisational structures must follow the Three Lines of Defence model with a clear definition of roles and responsibilities for all risk types. 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. 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 . There are also a number of highly skilled functions performing key management tasks. Born: 1969Nationality: Australian, GermanFirst appointed: 2017. Exhibition: Money in caricature and satire, Executive Board of the Deutsche Bundesbank, Bundesbank: An important partner at your side. Michael Ilgner, Global Head of HR, will report to Sewing. Climate emergency: can green tech save us? 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. In keeping with this purpose, we apply the principles set out in this document in the management of our tax affairs. Deutsche Bank is the leading German bank with strong European roots and a global network. Regional offices and branches The Bundesbank's head offices are located in nine German cities. 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. 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. 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 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 20September, the Money Museum presents a new special exhibition that approaches money from a unique perspective, viewed through the lens of caricature and satire. The mission statement constitutes a long-term roadmap, forming the foundation of the medium-term Strategy 2020. The Deutsche Bank Building (formerly Bankers Trust Plaza) was a 39-story office building located at 130 Liberty Street in Manhattan, New York City, adjacent to the World Trade Center site.The building opened in 1974 and closed following the September 11 attacks in 2001, due to contamination that spread from the collapse of the South Tower.The structure was designed by Shreve, Lamb & Harmon . 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.