June 1, 2012

Deutsche Bank announces further details of the future strategic management approach

Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) announced further details of the future strategic management approach and operating principles agreed by the Management Board at its meeting today.

Strategy process underway

Having assumed their new positions today, the Management Board has agreed to communicate a long-term strategy in September following a period of inclusive dialogue with shareholders, clients, employees, and other key stakeholders.

Jürgen Fitschen, Co-Chairman of the Management Board and the Group Executive Committee, said: “At Deutsche Bank, we have a tradition of developing and articulating a clear strategy across businesses, regions and infrastructure. A core part of this strategic process will be to listen to our key stakeholder groups.”

Clear commitment to universal banking model

The Bank will strengthen its balanced universal banking model by establishing a new business division called Asset & Wealth Management (“AWM”). AWM will stand equally alongside the other business divisions Corporate Banking & Securities (“CB&S”), Global Transaction Banking (“GTB”) and Private & Business Clients (“PBC”). AWM will be created by integrating the Bank’s existing asset management and wealth management businesses.

Anshu Jain, Co-Chairman of the Management Board and the Group Executive Committee, said: “We have an enduring commitment to our universal banking model and will implement a team-based approach to leadership going forward.”

Business Allocation Plan approved

At its meeting today, the Management Board unanimously approved the Bank’s  Business Allocation Plan which defines the responsibilities of Management Board members and the operating model of the Management Board.

Infrastructure Functions Responsible Board Member
Co-Chairmen functions Jürgen Fitschen, Anshu Jain
Chief Financial Officer Stefan Krause
Chief Operating Officer Henry Ritchotte
Chief Risk Officer Stuart Lewis
Human Resources, Legal and
Stephan Leithner
Regional Management Responsible Board Member
Germany, Asia Pacific, Americas,
Middle East & North Africa and UK
Jürgen Fitschen
Europe (excluding Germany and UK) Stephan Leithner
Business Divisions Responsible Board Member
Asset & Wealth Management
Corporate Banking & Securities
Global Transaction Banking
Anshu Jain
Private & Business Clients Rainer Neske
Corporate Investments Jürgen Fitschen

For further information, please call:

Deutsche Bank AG 

Press & Media Relations  
Dr. Ronald Weichert   
+49 (0) 69 910 38664   

Investor Relations
+49 (0) 69 910 35395 (Frankfurt)
+1 212 250 1540 (New York)

About Deutsche Bank  

Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.


This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.  

By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. 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. Such factors are described in detail in our SEC Form 20-F of 20 March 2012 under the heading “Risk Factors.” Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir.
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