The banks risk management and control functions will also be reorganised. The Central Office is located in Frankfurt am Main. 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. All changes will take effect on 1 May 2021, subject to regulatory approvals. Alexander von zur Mhlen became a member of the Management Board on August 1, 2020. ), 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. Its members are jointly accountable for the management of the company. In keeping with this purpose, we apply the principles set out in this document in the management of our tax affairs. How cloud technology is silently revolutionising our economy. Between 2002 and 2005 he worked in Structured Credit Trading for Deutsche Bank in London. 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. Supervisory Board The Supervisory Board oversees and advises the Management Board in its management of Deutsche Bank. Together we're sharing new perspectives and transforming what it means to be a bank. 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. Exhibition: Money in caricature and satire, Executive Board of the Deutsche Bundesbank, Bundesbank: An important partner at your side. 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. Bremen, Lower Saxony and Saxony-Anhalt, Hamburg, Mecklenburg-West Pomerania and Schleswig-Holstein, Overview 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 Management Board has, as its prime responsibility, the group's strategic management, resource allocation, financial accounting and reporting, risk management, and corporate control. 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. Will Covid-19 be an opportunity or threat to sustainable development? 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. 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. 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. Born: 1974Nationality:British, New ZealanderFirst appointed: 2021. She moved to London in 2000 with Credit Risk Management where she spent 12 years, latterly as European Head of Corporates. It's even been paying "danger money" to bankers in select areas where it wants to grow. Are sustainable cities a solution to climate change? 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. Rhineland-Palatinate and Saarland, Research Council, Research Professors and Research Fellows, Overview We undertake our tax affairs on a basis which generates sustainable value while meeting applicable legal and regulatory tax requirements. From November 2015 to November 2019 he was the Board member responsible for Human Resources and until July 2020 for Legal and Governance. Rebecca Short has been a Member of the Management Board and Chief Transformation Officer since May 1, 2021. Since 2008 he has also been an Honorary Professor at the University of Cologne. 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. 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 . 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. 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. 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 There are also a number of highly skilled functions performing key management tasks. Financing. What does it take to make bold moves in business? It was last amended on July 4, 2013. 1995 - Deutsche Post AG, Deutsche Postbank AG and Deutsche Telekom AG are established 1990 - The East German Deutsche Post is incorporated into Deutsche Bundespost 1989 - Deutsche Bundespost Postdienst, DBP Postbank and DBP Telekom are established 1986 - DHL in China 1979 - DHL offers parcel delivery 1971 - DHL expands its network Bernd Leukert studied Industrial Engineering and Management at the University of Karlsruhe and at Trinity College Dublin, graduating in 1994 with a Masters Degree in Business Administration. Climate emergency: can green tech save us? 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 realignment of responsibilities will allow the CEO to focus on cross-divisional priorities such as client centricity, sustainability and the control environment. Karl von Rohr studied law at the universities of Bonn (Germany), Kiel (Germany) and Lausanne (Switzerland) and at Cornell University (USA). 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. Will greater investment in water resources make for a more sustainable future? View DHL's up-to-date org chart, open roles, and culture details. Cash, card, crypto: how the way you pay will affect your life, My way, your way different paths to success. Was Vrablic a CIA case officer? These range from corporate and transactional banking solutions to investment products and services for large corporations, small and medium-sized companies, governments, institutional investors, and asset managers Resolution Plan") of the DB Group. In this context we may seek to avail ourselves of tax benefits and beneficial tax rates available under those tax laws. Deutsche Bank. Christian Sewing Chief Executive Officer, Copyright 2023 Deutsche Bank AG, Frankfurt am Main. What does it take to make bold moves in business? 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. 2. 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 It is one of the organizations which I admire to the . AI in banking and business what can it do and who stands to gain? Such factors are described in detail in our SEC Form 20-F of 12 March 2021 under the heading Risk Factors. This will align the leadership team to the third phase of the bank's transformation which was launched in December 2020. What does it take to make bold moves in business? Copyright 2023 Deutsche Bank AG, Frankfurt am Main, President and Head of Private Bank and Asset Management, Head of Corporate Bank and Investment Bank, Chief Technology, Data and Innovation Officer. Memberships of statutory supervisory boards in Germany:Sterbekasse fr die Angestellten der Deutschen Bank Gruppe VVa.G. Will Covid-19 be an opportunity or threat to sustainable development? with the support of master architect Kapp von Gltstein and the Ottoman Bank Director Wlfing. . Jan Duscheck Move In August 2021 he took on additional responsibility at Management Board level for Deutsche Bank in theUK andIreland (UKI). This will align the leadership team to the third phase of the banks transformation which was launched in December 2020. 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. We achieve this by being a leading European bank with a global reach. Our risk management framework consists of various components. The 1 st Line of Defence refers to those roles in the bank whose activities generate risks, whether financial or non-financial. Will Covid-19 be an opportunity or threat to sustainable development? This release contains forward-looking statements. Deutsche Bank's set-up includes four divisions that are well-positioned to grow: a leading European Corporate Bank based in Europe's largest economy, the Investment Bank focussing on its traditional strengths in financing, advisory, fixed income and currencies. The bank has also realigned some infrastructure functions to further sharpen the focus on controls, costs, and risks. Research Data and Service Centre, Overview 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. He is also responsible for the regions Germany and Europe, Middle East and Africa (EMEA). 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). Born: 1970Nationality: GermanFirst appointed: 2015. How cloud technology is silently revolutionising our economy. DBSI and DBTCA represent 94% of DB USA's total assets, with 72% and 22%, respectively. Since 2015, . Will greater investment in water resources make for a more sustainable future? 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. Management Board The Management Board is responsible for managing the company. The aim is to consolidate the areas which are particularly impacted by legal requirements and require a close dialogue with regulators. 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. We are committed to a culture that appropriately aligns risks and rewards. Olivier Vigneron studied at the Lyce Louis-le-Grand in Paris and holds a Diplme dIngnieur (degree in Engineering) from Frances cole Polytechnique. In 2015, he was appointed Treasurer of Citigroup. He joined Deutsche Bank on September 1, 2019. 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. what Deutsche Bank helps make happen for others, business in a responsible and sustainable way, strong bases in all major emerging markets. In 1995, he joined J.P. Morgan, working at the bank for 10 years in New York and Hong Kong. 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. Climate emergency: can green tech save us? The Management Board has, as its prime responsibility, the group's strategic management, resource allocation, financial accounting and reporting, risk management, and corporate control. Read more Industries Banking Headquarters 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. International Central Bank Dialogue, Overview 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. 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.

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