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Deutsche Bank Company Profile

In: Business and Management

Submitted By RhodesScholar
Words 1667
Pages 7
How does the company define its mission?
Deutsche Bank is a German global investment and corporate bank with large branches of private wealth management and a commitment to corporate social responsibility. The company is based in Frankfurt and operates in more than 72 countries. Deutsche Bank defines itself as a company that strives to be the leading provider of financial solutions. The company takes pride in valuing their clients, their shareholders, their people, and the communities in which they operate. Deutsche Bank goes by the slogan “Passion to Perform.” This slogan propels them to define their business with a clear purpose and mission. This purpose and mission allows them to ultimately mix passion with precision, according to the company website.1
What are the company’s services/products?
As the largest bank in Germany with assets of E 1,126 billion2, Deutsche Bank specializes in offering financial services and products to corporate and institutional clients. These types of clients can range from Large Cap clients (companies with a market capitalization value of more than $10 billion)3 to Financial institutions. Deutsche Bank’s clients also include Mid cap, Government and Supranational, and
1 "Mission and Brand." Deutsche Bank. N.p., n.d. Web. 14 Aug. 2012. 2 Deutsche Bank AG Company Profile.” Datamonitor (2011): 1-33
BDuesiuntescssheSoBuarncke APrGemCioemr.pPaDnyF.P2r4ofAileu.g”.D20a1ta1monitor (2011): 1-33
Business Source Premier. PDF. 24 Aug. 2011
3 "Large Cap - Big Cap." Large Cap (Big Cap) Definition. N.p., n.d. Web. 16 Aug. 2012.
2
Financial Sponsors.4 The breadth of services that Deutsche Bank offers is at the hallmark of the company—these include sales, trading, research and organization of debt and equity, mergers & acquisition (M&A), risk management products, private wealth management, retail banking, fund management, and transaction banking.56 What are Deutsche bank’s corporate attitude/characteristics?
Deutsche Bank prides itself from its recovery from the 2008 financial aid crisis (reporting it’s first annual loss in five decades) and it’s position as one of the top 3 bond houses. According to DataMonitor Deutsche Bank claims “In Debt trading, we are ranked first among the best bond houses in Europe, and we are number two worldwide”7 the bank claims. Deutsche Bank hold’s the fifth place title in doubling market share in mergers & acquisition business..
Deutsche Bank over the years has transformed itself from a German bank to a global bank. It has also positioned itself from just a commercial and retail bank to a global investment bank. Because of the bank’s drastic shift, it received accolades from the International Financing Reviews and was named Bank of the Year. 8 According to the company’s homepage, Deutsche Bank strives to be a passionate, precise, confident,
4 Global Banking - Corporate Finance." Deutsche Bank Types of Clients. N.p., n.d. Web. 16 Aug. 2012.
5 "Private & Business Clients." Deutsche Bank -. N.p., n.d. Web. 16 Aug. 2012.
6 "Deutsche Bank AG." - Jobs and Hiring Information from FINS.com. N.p., n.d. Web. 16 Aug. 2012. . 7 Deutsche Bank AG Company Profile.” Datamonitor (2011): 1-33
Business Source Premier. PDF. 24 Aug. 2011
8 "Deutsche Bank Recognised as Bank of the Year 2010 by IFR." Deutsche Bank Recognised as Bank of the Year 2010 by IFR. N.p., n.d. Web. 16 Aug. 2012. https://www.db.com/medien/en/content/press_releases_2010_3272.htm”

and agile-­‐minded.
Where are the company’s locations?
Deutsche Bank has presence all over the world. The bank has 3,075 branches total with 2,036 of them in Germany. 9 The company has corporate offices in 72 countries including Mexico, USA, Switzerland, Singapore, Australia, Brazil, and South Africa with its headquarters in Frankfurt. Deutsche Bank has established good prospects for business growth in fast-­‐growing countries including the Asia-­‐Pacific region, Central and Eastern Europe, and Latin America.
Provide information of three of the top executives who work for the company.
Co-­‐chairmen and chairman of the supervisory board Jürgen Fitschen, Anshu Jain, and Michael Paul Achleitner respectively have all been influential in Deutsche Bank’s success and growth. Jain was appointed co-­‐CEO of the bank after succeeding former Chief Executive Officer Josef Ackermann. Prior to becoming chairman, Jain was head of Global Markets and joint head of the Corporate and Investment bank of the company since 2002. He was also a member of the bank’s Group Executive Committee.
Juergen FItschen had been a member of Deutsche Bank’s Group Executive Committee since 2002 and was established as the head of the Frankfurt, Germany regional management team. He was a member of the METRO AG supervisory board
9 "Global Network." Deutsche Bank -. N.p., n.d. Web. 16 Aug. 2012. ”

and a member of the Schott AG supervisory board.
Dr. Achleitner served as the member of the board management team at Allianz and as Head of Group Finance at Allianz. Before that he also served as Vice President of Mergers & Acquisitions at Goldman Sachs & Co. in New York City from 1988 to 1989.
Has the company shown substantial and consistent growth?
Deutsche bank has shown steady and consistent growth. Based on the company’s balance sheet, their total net revenues grew from €28,567 bn in 2010 to €33,228 bn. The company’s assets grew as well from €1,906 bn as of December 31st, 2010 to €2,164 bn as of December 31, 2011. Deutsche bank’s credit rating remained an impressive Aa3 from Moody’s Investor Services in both 2010 and 2011 and an A+ rating with Standard & Poor’s for both years. The bank upgraded their credit rating from AA-­‐ to A+ with Fitch’s ratings. This upgrade in ratings positions the bank to be able to borrow with lower expenses and interest rates. 10 The bank had also earned it’s highest revenue in 2011 at €33.2bn.
What is the company's financial and competitive position in its industry?
Deutsche Bank’s clearly states on their homepage “We compete to be the leading global provider of financial solutions, creating lasting value for our clients, our shareholders, our people and the communities in which we operate.”11 This mission
10 "Facts and Figures." Deutsche Bank -. N.p., n.d. Web. 17 Aug. 2012. .
11 "Company." Deutsche Bank -. N.p., n.d. Web. 17 Aug. 2012. .

makes way for two pillars that the bank rests on its everyday function: Corporate & Investment Bank (CIB) and Private Clients & Asset Management (PCAM). Corporate & Investment Bank involves the bank’s market-­‐leading Global Markets and Global Banking Divisions while (PCAM) comprises of Private Wealth Management (PWM), Asset Management (AM), and Private Business Clients.
Deutsche Bank has also acquired several companies in the past. Among them are:
• Morgan, Grenfell & Company in 1990
• Banker’s Trust in 1998
• Scudder Investments in 2001
• RREEF in 2002
• Berkshire Mortgage Finance in 2004
• Chapel Funding in 2006
• MortgageIT in 2007
• Sal. Oppenheim in 2010
• Deutsche Postbank in 2010
Has there been, and is there, the promise of change within the company
(competitive, technological, structural, etc.) that will impact its future?
Deutsche Bank is in the process of launching several technological and environmental changes through its high-­‐tech platforms. The bank’s most recent announcement is its addition of Nordic power markets to diverse strategies. This will ultimately draw more investors and managers to the liquidity and transparency benefits of managed accounts.12
12 "Deutsche Bank Adds Nordic Power Market to Diverse Strategies on DbSelect Platform." Deutsche Bank Adds Nordic Power Market to Diverse Strategies on DbSelect Platform. N.p., n.d. Web. 17 Aug. 2012. .

What is the breadth of the company's products, programs, or services?
(Please see section titled “What are the company’s services/products?”)
How do the skills, abilities, and interests of MMS students relate to the organization's needs?
The company states on it’s career website “Deutsche Bank's place in the world of banking is defined by people who can analyze the business environment, make informed judgments and act with assurance. You could become a member of this elite group.” MMS classes such as Quantitative Business Analysis, for example, allow us to analyze business decisions from a mathematical standpoint. Business Communications allows us to effectively translate those decisions through corporate presentations.
What are the opportunities for advancement within the organization?
Deutsche Bank fosters mobility within the firm. For example, after 2 years as in an analyst position, employees are given the opportunity to become associates provided they perform well.13
Are there key philanthropic activities of the company? Is so, what?
Deutsche Bank’s key philanthropy is the “Deutsche Bank Foundation”, which focuses on social and educational projects that aims at improving the career prospects of disadvantaged youths. Deutsche bank also collects donations to help funds scientific research and teaching at both national and international levels.
13 "Analyst Training Program." Deutsche Bank -. N.p., n.d. Web. 17 Aug. 2012. .

Bibliography
“Deutsche Bank AG Company Profile.” Datamonitor (2011): 1-­‐33
Business Source Premier. PDF. 24 Aug. 2011
"Anshu Jain Now Is Deutsche Bank Co-CEO." - Indian Express. N.p., n.d. Web. 17 Aug. 2012. .
"Deutsche Bank Adds Nordic Power Market to Diverse Strategies on DbSelect Platform." Deutsche Bank Adds Nordic Power Market to Diverse Strategies on DbSelect Platform. N.p., n.d. Web. 17 Aug. 2012. .
"Analyst Training Program." Deutsche Bank -. N.p., n.d. Web. 17 Aug. 2012. .
"Facts and Figures." Deutsche Bank -. N.p., n.d. Web. 17 Aug. 2012. .
"Company." Deutsche Bank -. N.p., n.d. Web. 17 Aug. 2012. .
Global Network." Deutsche Bank -. N.p., n.d. Web. 16 Aug. 2012. ”
"MMS: Foundations of Business." Courses. N.p., n.d. Web. 17 Aug. 2012. .
"Mission and Brand." Deutsche Bank. N.p., n.d. Web. 14 Aug. 2012. Deutsche Bank AG Company Profile.” Datamonitor (2011): 1-33
Business Source Premier. PDF. 24 Aug. 2011
"Large Cap - Big Cap." Large Cap (Big Cap) Definition. N.p., n.d. Web. 16 Aug. 2012.

1 Global Banking - Corporate Finance." Deutsche Bank Types of Clients. N.p., n.d. Web. 16 Aug. 2012.

1 "Private & Business Clients." Deutsche Bank -. N.p., n.d. Web. 16 Aug. 2012.

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