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. 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. AI in banking and business what can it do and who stands to gain? 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. Are sustainable cities a solution to climate change? Or Tom Bowers? Olivier Vigneron studied at the Lyce Louis-le-Grand in Paris and holds a Diplme dIngnieur (degree in Engineering) from Frances cole Polytechnique. 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 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. Rebecca Short has been a Member of the Management Board and Chief Transformation Officer since May 1, 2021. From November 2015 to November 2019 he was the Board member responsible for Human Resources and until July 2020 for Legal and Governance. The bank has also realigned some infrastructure functions to further sharpen the focus on controls, costs, and risks. She joined Deutsche Bank on its graduate programme in Auckland in 1998. 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. 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. Here is the org chart for the Deutsche Bank leaders in charge of the bank's historic overhaul. In August 2021 he took on additional responsibility at Management Board level for Deutsche Bank in theUK andIreland (UKI). 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. He has worked in Frankfurt, London, Singapore, Tokyo and Toronto. 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. Cash, card, crypto: how the way you pay will affect your life, My way, your way different paths to success. The Management Boardis responsible for managing the company. Short also takes over Global Procurement from the Chief Operating Office (COO) and Management Board responsibility for the Capital Release Unit. Climate emergency: can green tech save us? (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. Sign up for notifications from Insider! Deutsche Bank wasfounded in 1870 to accompany German businesses into the world, and has worked across borders ever since. 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. The ownership of the areas within COO will be shared between other Management Board members. The Supervisory Board will decide on Lewis's succession in due course. Will Covid-19 be an opportunity or threat to sustainable development? Deutsche Bank is the leading bank in Germany with strong European roots and a global network. Move Director Mayree Clark Move Director, Employee Represent. . Was Vrablic a CIA case officer? He joined the board in November 2019 in his former role of Chief Transformation Officer, responsible for transformation and Human Resources. It works together closely with the Management Board in a cooperative relationship of trust and for the benefit of the company. Over the last 40 years, Deutsche Bank has grown to become one of the largest foreign banks in We value our German roots and remain committed to our international presence. We undertake our tax affairs on a basis which generates sustainable value while meeting applicable legal and regulatory tax requirements. Committees of the Supervisory Board. He started his career at Credit Suisse First Boston in London in 1992. 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. The 1 st Line of Defence refers to those roles in the bank whose activities generate risks, whether financial or non-financial. Campellipreviously spent four years as the Global Head of Deutsche Bank Wealth Management. Deutsche Bank. what Deutsche Bank helps make happen for others, business in a responsible and sustainable way, strong bases in all major emerging markets. 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 . 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. International Central Bank Dialogue, Overview In May 2021 he took on additional responsibility for Compliance, Anti-Financial Crime and the Business Selection and Conflicts Office. Corporates and Institutions. Deutsche Bank is the leading German bank with strong European roots and a global network. In appropriate situations our internal experts may take specialist external tax advice. Lars Stoy, who currently manages the Postbank brand in the banks home market, will assume responsibility for the Private Bank Germany, reporting to the banks President, Karl von Rohr, who had taken on this role on an interim basis. Find executives, board members, teams, related companies, and more. He re-joined Deutsche Bank on March 1, 2022. 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 "It is our priority now to adapt the Management Board for the next phase of Deutsche Banks transformation, which is about efficiency, effective controls and delivering sustainable profitability. Members:Alexander Wynaendts, ChairmanDetlef Polaschek*Frank Werneke*Professor Dr. Norbert Winkeljohann. Deutsche Bank this summer announced an historic overhaul that will cost more than $8 billion and include 18,000 layoffs globally. 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. The purpose of Banking is to provide a stable platform on which to perform financial transactions. Its members are jointly accountable for the management of the company. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Stefan Simon joined Deutsche Bank on August 1, 2019. The Chief Transformation Office will be transferred from Campelli to Rebecca Short who will join the Management Board. The Central Office is located in Frankfurt am Main. 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. 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. It comprises the President, the Vice-President and other members. Are sustainable cities a solution to climate change? 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. 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 Products traded include bonds, loans and claims, across the capital structure. Eurosystem Collateral Management System, Overview Chief Transformation Officer 1 Stefan Simon Chief Administrative Officer 0 Claudio de Sanctis Head of Wealth Management 0 Rebecca Short Chief Transformation Officer 0 Olivier Vigneron Group Chief Risk Officer 0 Add people Board & Advisors Paul Achleitner Chairman Bernd Rose Supervisory Board Dagmar Valcrcel Supervisory Board Detlef Polaschek It is a German bank in the United States of America which is under the jurisdictional of the United States of America, the ultimate holding company being the Deutsche Bank AG. Climate emergency: can green tech save us? 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.
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