. In this context we may seek to avail ourselves of tax benefits and beneficial tax rates available under those tax laws. Corporate Bank Investment Bank Private Bank There are also a number of highly skilled functions performing key management tasks. This will align the leadership team to the third phase of the banks transformation which was launched in December 2020. Organisational structures must follow the Three Lines of Defence model with a clear definition of roles and responsibilities for all risk types. Strong governance framework to protect stakeholders interests. Our in-house Group Tax function is an independent risk and control function separate to our business divisions and we employ skilled professionals to ensure that our position with respect to the banks own tax matters is robust. . Dedicated Management Board member responsible for the Investment Bank and the Corporate Bank New organisation of infrastructure functions New contract for CEO Sewing, running until 2026 Rebecca Short to join the Management Board. Was Vrablic a CIA case officer? From 2009 to 2017, he was Group Treasurer. Ludwig Blomeyer-Bartenst. He has worked in Frankfurt, London, Singapore, Tokyo and Toronto. 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. 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 and Goldman Sachs. Will greater investment in water resources make for a more sustainable future? (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. The Supervisory Board will decide on Lewis's succession in due course. The fundamental basis for this is provided by, above all, the German Stock Corporation Act and the German Corporate Governance Code. From 2014 to 2019, he was responsible for product development and innovations as well as the Digital Business Services division on the Executive Board. A cadre of executives at the bank are now responsible for navigating the turmoil and guiding the firm to a more stable and profitable future. He has also served on the Supervisory Board of J.P. Morgan Germany and on the board of Natixis Assurances. Based on this model we have a clear framework setting out roles and responsibilities for defined tax types to ensure we remain compliant with our tax obligations. The Annual Report 2021 includes an overview of Deutsche Bank, the management report with the compensation report, the bank's audited consolidated financial statements, the corporate governance statement and supplementary information.. Further documents: Annual Financial Statements and; Financial Data Supplement Q4 / Full-year 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. Will Covid-19 be an opportunity or threat to sustainable development? He is responsible for the Asia Pacific region. During his career at Deutsche Bank Karl von Rohr has held various senior management positions in Germany and Belgium. . We aim for our dealings with tax authorities to be undertaken in a proactive, transparent, professional, courteous and timely manner and seek to develop and foster good working relationships with tax authorities. 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. Together we're sharing new perspectives and transforming what it means to be a bank. Deutsche Bank is Germany's leading ba. We foster teamwork, partnership and inclusion, trusting that each of us will deliver to the expected standards. 1984 1987:University of BonnAssistant at the research chair of Prof. Dr. Albach, Dr. rer. OpenMarket Tender Operation System (OMTOS), Overview Olivier Vigneron was appointed as a member of the Management Board on May 20, 2022 and is Chief Risk Officer. 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. In January 1979, the predecessor of National Development Bank PLC ("NDB" or "Bank") was set up by the National Development Bank of Sri Lanka . From 2010 to 2012, he served as the Banks Chief Credit Officer. 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. James von Moltke has been a member of the Management Board since July 1, 2017. Management Board: Christian Sewing (Chairman), James von Moltke, Karl von Rohr, Fabrizio Campelli, Bernd Leukert, Alexander von zur Mhlen, Christiana Riley, Rebecca Short, Stefan Simon, Olivier Vigneron. He is a lawyer and tax consultant and between 1997 and 2016 worked at law firm Flick Gocke Schaumburg, where he became a partner in 2002. We value our German roots and remain committed to our international presence. She also studied at London Business School in the UK, where she gained a Master of Business Administration in 2005. Download. 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. 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 . Panel on Household Finances (PHF), Overview Karl von Rohr was appointed as a member of the Management Board on November 1, 2015 and became President in April 2018. Deutsche Bank announces public tender offer for six series of its senior non-preferred bonds, Deutsche Bank Agrees to Combine UK and Ireland Corporate Finance Business with Numis, A message from Christian Sewing on Q1 results 2023, Deutsche Bank reports 1.9 billion profit before tax in the first quarter of 2023, Deutsche Bank to sharpen Management Boards focus on accelerating strategy execution, Friederike Rotsch appointed General Counsel of Deutsche Bank, Karl von Rohr not seeking to renew his contract as Member of Deutsche Banks Management Board, Deutsche Banks Annual General Meeting 2023 shareholders to vote on 50% higher dividend, Deutsche Bank announces decision to redeem its Fixed to Fixed Reset Rate Subordinated Tier 2 Notes due 2028, Copyright 2023 Deutsche Bank AG, Frankfurt am Main, 0 All told, the revamp which will include a shrinking of the firm's global investment-banking ambitions in favor of a heightened focus on corporate and transaction banking services will cost north of $8 billion. 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. Eurosystem Collateral Management System, Overview Stoy will also become a member of the Group Management Committee (GMC). The Supervisory Board of Deutsche Bank AG appoints, supervises and advises the Management Board and is directly involved in decisions of fundamental importance to the bank. This is exacerbated by the growing complexity of international tax laws and divergent approach of national tax authorities in various instances. 2. The aim of the reorganisation is to focus the management team more closely on the four business divisions in order to ensure sustainable profitability following the banks return to profitability last year. They are followed by the branches of the Bundesbank. Corporate Governance Organizational Structure Supervisory Board Supervisory Board The Supervisory Board of Deutsche Bank AG appoints, supervises and advises the Management Board and is directly involved in decisions of fundamental importance to the bank.
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