History
Deutsche Bank was founded in Berlin in 1870. The bank developed its network in Germany and also expanded to European and other global markets over the years. Today, Deutsche Bank is a leading global investment bank and a leading global provider of financial services.Mission
The mission of Deutsche Bank is to compete to be the leading global provider of financial solutions for demanding clients creating exceptional value for their shareholders and people.Area of Operation
The businesses of Deutsche Bank are:- Corporate and Investment Bank:
- Global Markets
- Global Banking
- Corporate Finance
- Asset Finance & Leasing
- Cash Management
- Trade Finance
- Trust & Securities Services
- Private Clients and Asset Management:
- Private Wealth Management
- Private & Business Clients
- Deutsche Asset Management
- DWS Scudder
- DWS Investments
- RREEF
- X-markets
- Corporate Investments
Key Statistics
- Deutsche Bank holds assets of $1,134.83 billion.
- Deutsche Bank has made profits of $4.47 billion in 2006.
- Deutsche Bank operates in 73 countries across the world.
- Deutsche Bank has 67,474 employees.
Organization
Deutsche Bank is comprised of three Group Divisions: Corporate and Investment Bank (CIB), Private Clients and Asset Management (PCAM) and Corporate Investments (CI). The respective Divisional Committees are responsible for the operational management of the group‘s core businesses. The Management Structure includes:- Functional Committees:
- Capital & Risk
- Compliance
- Finance
- Human Resources
- Investment
- IT & Operations
- Principal Investment Commitment
- Risk Executive
- Group Executive Committee:
- Management Board
- Business Heads/ Regional Head
- Operating Committees:
- Corporate and Investment Bank
- Corporate Investments
- Private Clients and Asset Management
- Regional Committees
International Ranking
- Deutsche Bank ranks 56 in the world according to Forbes Magazine list.
- Deutsche Bank ranks 48 in Fortune Global 500 list.
Recent Acquisition
- On January 3, 2007, Deutsche Bank announced the completion of the acquisition of MortgageIT Holdings, Inc., a residential mortgage real estate investment trust (REIT).
- On January 2, 2007, Deutsche Bank announced that it completed the process of acquiring Berliner Bank at the end of last year and that Berliner Bank AG & Co. KG is part of Deutsche Bank Group since 1 January 2007.
- Deutsche Bank completed acquisition of the Russian investment bank United Financial Group (UFG) in 2006.
- 2003 saw acquisition of the Swiss Private Bank Rued Blass & Cie by Deutsche Bank.
Headquarter Address
Taunusanlage 12D-60262 Frankfurt am Main
Germany
Phone: 49-69-910-00
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