February 6, 2012

Deutsche Bank expands presence in Berlin

Deutsche Bank is further expanding its presence in Berlin and is setting up an international forum for dialogue between business, politics, culture and society at its Unter den Linden premises.

“Deutsche Bank was founded in Berlin and Berlin is Germany’s capital. That is why we have a very special relationship with this city,” says Dr. Josef Ackermann, Chairman of the bank’s Management Board. “Through the planned forum at Unter den Linden, we want to help intensify the crucial dialogue between business and politics.” The exhibition space of the “Deutsche Guggenheim” will be used for this purpose along with the atrium of the building, which has also been used to host official events for a number of years.

Deutsche Bank has expanded its presence in the German capital in recent years. Today, measured by the number of staff, Berlin is the company’s fifth largest location worldwide.

Deutsche Guggenheim has been a collaboration between Deutsche Bank and the Solomon R. Guggenheim Foundation since 1997 and was housed in a part of the Unter den Linden premises. The current contract with the Guggenheim expires at the end of 2012, and the Guggenheim and Deutsche Bank have made the mutual decision to close the exhibition space. Plans are underway to reformulate the relationship between the two organizations.

“We are extraordinarily proud of the work that we have achieved together with Deutsche Bank in these last 14 years,” stated Richard Armstrong, Director of the Solomon R. Guggenheim Museum and Foundation. “This has been a unique collaboration that has not only provided a vital and dynamic exhibition space in one of the most vibrant cities in the world, but has also resulted in the creation of many outstanding new works of art by some of the most important artists of our time. While the Guggenheim and Deutsche Bank have made the mutual decision to close the exhibition space, we are looking forward to the next phase of our relationship and collaboration.”
“We would like to thank the Guggenheim Foundation for the inspiring and fruitful cooperation we have enjoyed over the years and will continue to work closely together on selected projects,” emphasizes Friedhelm Hütte, the bank’s Global Head of Art.

Beginning in 1997 under the leadership of Thomas Krens, director of the Guggenheim Foundation from 1988 to 2008 Deutsche Bank and the Solomon R. Guggenheim Foundation have together played an essential role in the increasing importance of contemporary art in Berlin. As a world-renowned corporate collector of contemporary art, Deutsche Bank and the Guggenheim Museum have shared a productive synergy. Through a joint commissioning program, new works have been created by 17 artists and exhibited at the Deutsche Guggenheim. Many works have also been shown in New York and Bilbao and some have entered the collections of both institutions. One of the foremost exhibition spaces in Berlin for contemporary art, Deutsche Guggenheim has presented a total of 57 exhibitions thus far and the Unter den Linden location has welcomed to date a total of 1.8 million visitors.

For 2012, the series of exhibitions at the Deutsche Guggenheim began with “Found In Translation,” a group show with twelve works from nine contemporary artists. Through video and film works, the exhibition explores the ways cultural difference is mediated through language. At the end of April, Roman Ondák, the Deutsche Bank “Artist of the Year 2012”, will be honoured with an extensive solo show, followed by Gabriel Orozco, with a commissioned work for Deutsche Guggenheim. The final exhibition will be devoted to the work of Cindy Sherman.

For further information, please call:

Deutsche Bank AG    
Press & Media Relations   

Johannes Marten    
Phone: +49 (0) 30 / 3407-4461  
E-mail: johannes.marten@db.com   

Christian Hotz    
Tel.: +49 (0) 30 / 3407-2685  
E-Mail: christian.hotz@db.com 

About Corporate Citizenship at Deutsche Bank

Deutsche Bank regards Corporate Citizenship as an investment in society and therefore also in its own future. With a total investment in 2010 of nearly €100 million – more than ever before – Deutsche Bank and its foundations were once again among the world´s most active corporate citizens.

This social commitment is focused on specific support programmes in the fields of education, social investments, art and music. Under the motto ‘pass on your passion’, employees of Deutsche Bank also take part in numerous projects around the world as corporate volunteers, showing what passion to perform can achieve when it is passed on.


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.

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