Deutsche Bank closes the acquisition of Berliner Bank
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today announced that it completed the process of acquiring Berliner Bank at the end of last year and that Berliner Bank AG & Co. KG is part of Deutsche Bank Group since 1 January 2007.
With that, the business transacted with private and business clients under the Berliner Bank brand as well as the 1,140 members of staff and the entire branch network with 60 locations have been transferred from Landesbank Berlin to Deutsche Bank.
The members of Berliner Bank's new Management Board are Oliver Bortz, Chairman, Frank Gilly, Private Clients, and Joachim v. Plotho, responsible, among other things, for Credit Risk Management and various Corporate Center functions. Dr. Christian Engell is also part of the management team and is in charge of Business Clients.
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