Deutsche Bank

From MarketsWiki

Jump to: navigation, search
Deutsche Bank
Founded 1870
Headquarters Frankfurt, Germany (Locations [1])
Key People Dr. Josef Ackermann, chairman, management board & group executive committee; Dr. Hugo Banziger, chief risk officer; Anthony di Iorio, CFO; Hermann-Josef Lamberti, COO
Employees 68,500+[1] (end of 2006)
Products Investment bank
Web site http://www.deutsche-bank.com
This page is sponsored by...
Deutsche Bank is a global investment bank with offices in 74 countries and stated assets of roughly 878 billion euros in 2007. Deutsche Bank's lines of business include corporate banking and securities, transaction banking, asset management and private wealth management. It has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.

Deutsche Bank Securities Inc. is the investment banking and securities arm of Deutsche Bank AG in the United States.

Contents

Products and Services (Corporate and Investment Bank)

Advisory

  • Mergers and acquisitions
  • Financial sponsors (services for private equity firms including access to derivative and equity products, leveraged finance and M&A advisory)
  • Access to industry specialists

Asset Finance & Leasing

  • Competency in capital, project and real estate advisory; arranging/financing services in diverse asset classes (e.g., Big Ticket and Real Estate Leasing, Structured Investments and Construction Management)

Cash Management

  • Management services to optimize cash flows and working capital

Exchange Traded Funds

  • db x-trackers ETFs, Deutsche Bank Exchange Traded Funds

Trade Finance

  • Solutions for importers and exporters

Trust & Securities Services

  • Debt Services (range of products for bonds, CP and MTN programs, project financings, escrows, restructurings, syndicated loans, auction rate securities and Islamic financings)
  • Structured Finance (specializes in asset and mortgage backed securities, collateralized debt obligations, asset-backed CP conduits and SIVs)
  • Corporate Services (management/administration for tax-neutral and tax-advantaged structures)
  • Equity Services (ADRs, global shares, German shares and German capital transactions)
  • Domestic Custody (safekeeping and clearing services for securities in 28 markets)

Global Markets

  • Services clients' financing, investing and hedging needs

Global Banking

DB's Corporate Finance and Global Transaction Banking activities are collectively called Global Banking.

  • Corporate Finance includes the following services: advisory; equity capital markets; debt finance; commercial real estate; UK corporate brokering; client coverage; industry and regional specialization
  • Global Transaction Banking includes: global trade finance and cash management and trust & securities services

Products and Services (Private Clients/Asset Management)

PCAM is Deutsche Bank's investment management business for private and institutional clients. It has two corporate divisions, Asset and Wealth Management and Private & Business Clients. Services include:

Certificates and Warrants

  • X-markets
  • Warrants
  • Certificates
  • Funds
  • Notes

Foreign Exchange Trading

  • dbFX is Deutsche Bank's online foreign exchange trading platform for individuals and small institutions.

Private Wealth Management

Private and Business Clients, Europe

Banking services for private and business clients while away in Europe:

  • Belgium
  • Italy
  • Poland
  • Portugal
  • Spain

DWS Investments

DWS Investments, founded in 1956, is the mutual fund arm of Deutsche Asset Management. In Europe, DWS ranks as the second-largest mutual fund company. Originally concentrated in European markets, it now covers countries and products across the United States, Asia Pacific and the Middle East. [2]

RREEF

RREEF is the global alternative investment management business of Deutsche Bank’s Asset Management division. It is headquartered in New York. Named the world’s largest alternative investments manager in Global Investor/Watson Wyatt’s Alternative Survey, June 2007, RREEF has €68.2 billion in assets under management worldwide as of 30 September 2007.[3]

RREEF Alternative Investments consists of four businesses:

  • Real Estate
  • Infrastructure
  • Private Equity
  • Hedge Funds

Deutsche Asset Management

Deutsche Asset Management is the fiduciary institutional investment management business of Deutsche Bank's Asset management division.[4]

Key People

  • Dr. Josef Ackermann: chairman of the management board and the group executive committee (responsible for corporate and investment bank; private clients and asset management; corporate investments; regional management; corporate communications; corporate social responsibility; corporate development; economics)
  • Dr. Hugo Banziger: chief risk officer (responsible for risk management; legal; compliance; corporate security; treasury and capital management).
  • Anthony di Iorio: CFO (responsible for finance; tax; corporate insurance; investor relations; corporate governance; audit and operations of securities settlement according to MaRisk)
  • Hermann-Josef Lamberti: COO (responsible for human resources; information technology; operations excluding Securities Settlement according to MaRisk; cost and infrastructure management; building/facilities management; purchasing)

History

1870 Deutsche Bank is founded in Berlin - its purpose: "to transact banking business of all kinds, in particular to promote and facilitate trade relations between Germany, other European countries and overseas markets."
1871/72 First branches in Bremen and Hamburg, followed by more branches in, for example, Frankfurt am Main, Munich, Leipzig and Dresden.
1873 Opening of the first European foreign branch in London.
From 1880 Deutsche Bank begins to supply industry with loans and capital market products. Foreign investments in North and South America, Eastern Asia and Turkey.
From 1914 As a result of the acquisition of several regional banks Deutsche Bank establishes a branch network all over Germany.
1929 The biggest ever merger in German banking history creates the “Deutsche Bank und Disconto-Gesellschaft.”
From 1933 Jewish employees are forced to resign.
1937 The company name is changed back to “Deutsche Bank.”
1938 Deutsche Bank is involved in "Aryanisations" (in Nazism, a term used for the expropriation of Jews, Roma (gypsies), Slavs, Poles, Communists, mentally and physically handicapped in Nazi Germany, Austria and the territories it controlled [5]).
1945 Closure of Deutsche Bank’s Berlin head office and of all branches in the Soviet-occupied zone.
1947/48 In the western zones of occupation, Deutsche Bank is decentralized into ten regional institutions.
1952 The so-called Big Banks Act allows the amalgamation of the ten successor institutions into three joint stock companies: Norddeutsche Bank AG, Rheinisch-Westfälische Bank AG and Süddeutsche Bank AG.
1957 Re-amalgamation of the three successor banks to form Deutsche Bank AG, a joint stock corporation with its registered office in Frankfurt am Main.
1959 Deutsche Bank enters retail banking by introducing small personal loans.
1970 Foundation of today’s Deutsche Bank Luxembourg S.A.; in the next ten years, the bank pushes ahead with the internationalization of its business; offices are opened at new locations such as Moscow, London, Tokyo, Paris and New York.
1986 Acquisition of Banca d´America e d´Italia; this is the first time the bank has acquired a sizeable branch network in another European country.
1989 Acquisition of Morgan Grenfell Group; with this step, Deutsche Bank strengthens its position in the international securities business and expands its presence on the important London capital market.
1990 Deutsche Bank starts operations in the new federal states with the foundation of Deutsche Bank-Kreditbank AG.
1999 Acquisition and integration of Bankers Trust in the U.S.A.
2001 The Deutsche Bank share is traded for the first time on the New York Stock Exchange.
2002 Purchase of the US asset manager Scudder Investments.
2003 Acquisition of the Swiss Private Bank Rued Blass & Cie.
2006 Complete acquisition of the Russian investment bank United Financial Group (UFG).

References

  1. ↑ "Annual Report 2006”. http://www.deutsche-bank.com. Retrieved on Dec. 8, 2007.
  2. ↑ "DWS Investments”. www.dws.com. Retrieved on Dec. 8, 2007.
  3. ↑ "Welcome to RREEF Alternative Investments”. www.rreef.com. Retrieved on Dec. 8, 2007.
  4. ↑ "DeAM”. www.deam.com. Retrieved on Dec. 8, 2007).
  5. ↑ "Aryanization”. Wikipedia. Retrieved on Dec. 8, 2007.
Retrieved from "http://www.marketswiki.com/mwiki/Deutsche_Bank"
Personal tools