Deutsche Bank AG (Europe)

THE SCOOP

All around the world

Boasting more than 80,000 employees across 72 countries, Deutsche Bank truly has a global footprint, with particularly strength in Europe and its homeland of Germany.  Deutsche Bank's international presence encompasses retail banking branches, corporate and investment banking and asset management.  It's made up of two main divisions: corporate and investment bank (CIB), and private clients and asset management (PCAM). The whole group is directed by a management board, which controls resource allocation, accounting and disclosure, strategy and risk management.

 

Deutsche Bank's corporate and investment bank group oversees the capital markets (origination, sales and trading), corporate advisory, corporate lending and transaction banking businesses.  It also oversees mergers and acquisitions, and gives general corporate finance advice primarily to global corporations, financial institutions and sovereign entities.
 
Deutsche Bank's private clients and asset management group, or PCAM, comprises two subdivisions: asset and wealth management services, and private and business client services. Its asset management services include traditional asset management and alternative investments, the latter encompassing absolute-return strategies and specialist real estate asset management.  Its client base includes retail clients and institutional investors such as pension funds.   The asset management group at Deutsche Bank is one of the largest asset managers in the world.  The bank's private wealth management division caters to high-net-worth individuals and families. It offers traditional and alternative investments, risk management strategies, lending, wealth transfer planning and philanthropic advisory, among others services. 
 
A complex history
 
In 1870, a private banker named Adelbert Delbruck and a politician named Ludwig Bamberger opened Deutsche Bank in Berlin as a specialist bank for foreign trade.  By 1876, it had become the largest bank in Germany and, by 1880, investments were scattered across the globe, including in North and South America, Eastern Asia and Turkey.  Before the turn of the century, the German giant had invested in projects like the Northern Pacific Railroad in the U.S. and the Baghdad Railway.
 
After World War II, Deutsche Bank closed its offices in Soviet-occupied areas and was scattered into 10 regional offices while western Germany was under occupation.  By 1957, the bank had regained its footing as a unified Deutsche Bank AG with headquarters in Frankfurt am Main.  By 1986, the firm made its first major bank acquisition outside of Germany with the purchase of Banca d'America e d'Italia.  Other acquisitions included the Morgan Grenfell Group (1989), the U.S. Bankers Trust (1999), the U.S. asset manager Scudder Investments (2002), the Swiss private bank Rued Blass & Cie (2003) and the Russian investment bank United Financial Group (2006).

 

DB's shares have been listed on the Berlin Stock Exchange since the bank's birth in 1870.  The bank also listed in Frankfurt in 1880, on the Paris Stock Exchange (now Euronext) in 1974, on the Brussels exchange (also now Euronext) in 1979, in Tokyo in 1989 and on the New York Stock Exchange in 2001.
 
Nothing like a pat on the back
 
The year 2009 got off to a good start for Deutsche Bank.  On January 19th, DB was named the Best Investment Bank 2008 in the Asia Pacific region (excluding Japan) by The Asset magazine.  Also in January 2009, Risk Magazine named DB's loan exposure management group the Credit Portfolio Manager of the year, for the fourth year in a row.  Other recent awards include Global Trade Review naming the firm the Best Global Structured Commodity Finance Bank, and Treasury Management International naming DB the Best Global Cash Management Provider for the second year in a row.

 

The firm also took home many awards at the end of 2008.  In December 2008, Finance Asia magazine named DB the Best Bank, and in November 2008, Structured Products magazine awarded DB with the titles of both Hedge Funds House of the Year and Structured Funds House of the Year.  Also in November 2008, DB was named Equity Derivatives House of the Year and Derivatives House of the Year (excluding Japan) by AsiaRisk magazine.

 

 

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Deutsche Bank AG (Europe)


Taunusanlage 12
Frankfurt 60325
Phone: +49 699 103 8080
www.db.com

STATS


  • Employer Type: Public
  • Stock Symbol: NYSE
  • Stock Exchange: FWB
  • Chief Executive: Dr. Josef Ackermann
  • 2010 Employees: 81,929

Major Office Locations

  • Frankfurt, Germany

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