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.”
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 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.”
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.
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