Deutsche Bank
Headquarters:
Theodor Heuss-Allee
70 Frankfurt, Germany 60486
NY Office: 60 Wall St.
New York, NY 10005
Employees: 77,053
CEO: Dr. Josef Ackermann
Website: http://www.db.com
Stock Symbol:
DB
Career Page
Deutsche Bank is a leading global investment bank.
The Corporate and Investment Bank Group
Division, or CIB, is responsible for Deutsche Bank's capital
markets business, comprising the origination, sales and trading
of capital markets products including debt, equity, and other
securities, together with our corporate advisory, corporate lending
and transaction banking businesses.
The Private Clients and Asset Management
Group Division, or PCAM, comprises Deutsche Bank's investment
management business for private and institutional clients, together
with our traditional banking activities for private individuals
and small and medium-sized businesses.
Deutsche Bank has subsidiaries and branches
located in 75 countries around the globe with the main bases
in Frankfurt/Germany, London/United Kingdom, New York/USA, Hong
Kong/China, Tokyo/Japan and Singapore. The company has been expanding
business activities in China and Russia and is opening new branches
in India, Bulgaria and Saudi-Arabia.
The company has 1,964 branches worldwide with 991 in Germany. Employment has dropped by 4% over the past year.
Deutsche Bank is one of the largest foreign-based
employers in New York City and the only investment bank physically
located on Wall Street. The bank began independent operations
in the U.S. in 1978.
In 2009, Deutsche Bank reported EUR $5.0 billion in net income. Total revenues were EUR $27.9 billion.
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".
1937 The company name is changed back to "Deutsche
Bank".
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 stock 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 Acquisition of the Russian investment bank United
Financial Group (UFG).
Benefits
Deutsche Bank provides a competitive and
flexible compensation package that includes a generous vacation
allowance, excellent performance related bonuses, domestic partner
and family benefits, private healthcare, life insurance, pension
contributions, employee share purchase programs and corporate
discount schemes.
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