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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
: 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.


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).


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.

Updated February 4, 2010


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