Deutsche Bank is the leading German bank with strong European roots and a global network.
In a fundamental transformation the bank focuses on its core strengths in a newly created Corporate Bank, a leading Private Bank, a focused investment bank and in asset management.
On July 7th 2019, Deutsche Bank has announced the most fundamental transformation in decades and a profound restructuring of its businesses.
The bank consists now of four, strong, client-centred businesses, including a newly created Corporate Bank. It will work in close cooperation with a focused Investment Bank, a leading Private Bank in Germany and selected markets and the asset manager DWS.
In this setup Deutsche Bank aims to become more profitable, improve shareholder returns and drive long-term growth.
To execute this transformation, the bank will
- exit businesses: discontinue Equities Sales &Trading, resize the capital consumption in Fixed Income, in particular Rates, and accelerate the wind-down of nonstrategic assets
- cut costs: overhaul our processes and infrastructure leading to significant cost reductions
- invest in technology & growth: invest in our leading businesses, further improve our technology and control framework
- manage and liberate capital: create a Capital Release Unit to free-up resources to return capital to shareholders over time
“In refocusing the bank around our clients, we are returning to our roots and to what once made us one of the leading banks in the world. We remain committed to our global network and will help companies to grow and provide private and institutional clients with the best solutions and advice for their respective needs – in Germany, Europe and around the globe. We are determined to generate long-term, sustainable returns for shareholders and restore the reputation of Deutsche Bank.”Christian Sewing, CEO (Strategy Announcement, 7 July 2019)