Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  Deutsche Bank AG    DBK   DE0005140008

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Deutsche Bank AG : Deutsche Bank to expand its Group Executive Committee

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/16/2012 | 01:37pm CET
Deutsche Bank's (XETRA: DBKGn.DE / NYSE: DB) Management Board announced today that it will expand the Group Executive Committee (GEC) from 12 to 18 members, effective June 1, 2012. The GEC's members will be:

Jürgen Fitschen (63), designated Co-Chairman of the Management Board and the GEC;

Anshu Jain (49), designated Co-Chairman of the Management Board and the GEC;

Stefan Krause (49), Chief Financial Officer and a Member of the Management Board;

Rainer Neske (47), Head of Private & Business Clients and a Member of the Management Board;

Stephan Leithner (45), designated Human Resources, Legal and Compliance Head; CEO of Europe (ex Germany and UK); and a Member of the Management Board;

Stuart Lewis (46), designated Chief Risk Officer and a Member of the Management Board;

Henry Ritchotte (48), designated Chief Operating Officer and a Member of the Management Board;

Gunit Chadha (50), designated Co-CEO of Asia Pacific;

Alan Cloete (49), designated Co-CEO of Asia Pacific;

Michele Faissola (43), designated Head of Asset & Wealth Management;

Colin Fan (39), designated Co-Head of Corporate Banking & Securities and Head of Sales & Trading;

David Folkerts-Landau (62), Head of Research;

Colin Grassie (50), CEO of the United Kingdom;

Robert Rankin (48), designated Co-Head of Corporate Banking & Securities and Head of Corporate Finance;

Christian Ricken (45), Chief Operating Officer of Private & Business Clients;

Werner Steinmüller (57), Head of Global Transaction Banking; and

Richard Walker (61), General Counsel.

The Bank plans in due course to appoint a successor to Seth Waugh, outgoing CEO of the Americas, who, like him, will be a GEC member.

Current GEC members Kevin Parker, Head of Asset Management, and Pierre de Weck, Head of Private Wealth Management, will stand down as GEC members, on May 31, 2012, the day of the Annual General Meeting.

Josef Ackermann, Chairman of the Management Board and the Group Executive Committee of Deutsche Bank, said: "Together with my colleagues, I am deeply grateful to Pierre and Kevin for their longstanding service to our bank and their outstanding contributions to its success. Pierre has built a world-class Private Wealth Management. Kevin has greatly developed our Asset Management over the years and turned it into an increasingly profitable business. I wish both all the best for the future."

Jürgen Fitschen and Anshu Jain, designated Co-Chairmen of the Management Board and the Group Executive Committee of Deutsche Bank, said: "By expanding the Group Executive Committee, we are bringing together a broad team of leaders from our businesses, regions and infrastructure functions at one shared table. This new generation of long-serving managers reflects the Bank's growth and evolution over the past decade. Our team's collective mission will be to serve the best interests of the Bank and all of its many important stakeholders."

For further information, please call:

Deutsche Bank AG

Press & Media Relations   
Phone: +49 69 910 43800 (Frankfurt) 
db.presse@db.com

Investor Relations
+49 69 910 35395 (Frankfurt)
+1 212 250 1540 (New York)
db.ir@db.com

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.

www.db.com

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 15 March 2011 under the heading "Risk Factors.www.deutsche-bank.com/ir.
distributed by

This press release was issued by Deutsche Bank AG and was initially posted at http://www.deutsche-bank.de. It was distributed, unedited and unaltered, by noodls on 2012-03-16 13:32:19 PM. The issuer is solely responsible for the accuracy of the information contained therein.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DEUTSCHE BANK AG
12/07 Top Democrats Call for Public Hearing on DOL Waivers for Banks with History o..
12/07 DEUTSCHE BANK : Lame Dad John Cryan Not Cool With People Playing Around On Whats..
12/05 DEUTSCHE BANK : December message to employees from John Cryan
12/05 DEUTSCHE BANK : earns top score of 100 by the Human Rights Campaign
12/05 DEUTSCHE BANK : Selects Grantees to Support Critical Education Efforts for Homel..
12/05 USA : Native Americans Protest Against Dakota Access Pipeline
12/05 DEUTSCHE BANK : India News - BAN ON BANK NOTES TO SLOWDOWN INDIAN GROWTH RATE
12/02 Deutsche Bank, HSBC to evaluate options for Laiki’s BoC stake
12/02DJDeutsche Bank to Cut Off Around 3,400 Clients
12/01 PRESENTATION : European banks - Non-performing loans, negative rates & regulatio..
More news
Sector news : Banks - NEC
01:07aDJBANK OF NEW YORK MELLON : Lost Ability to Process Payments for 19 Hours
12/07 Exclusive - U.S. regulator set to fail Wells Fargo on community lending test ..
12/07 Monte dei Paschi asks ECB to extend 5 billion euro rescue plan deadline
12/07DJMERRILL BROKERS GET ULTIMATUM : Refer New Customers or Face a Pay Cut -- Update
12/07DJMERRILL BROKERS GET ULTIMATUM : Refer New Customers or Face a Pay Cut
More sector news : Banks - NEC
News from SeekingAlpha
12/07 DB Recovered 60%, Preferred Stocks Are Still High Yield
12/07 ACTION IN EUROPE : Two Banks With Upward Momentum (Podcast)
12/07 EUROPEAN BANKS : Rally Continues In The Face Of 'Populist Madness'
12/07 Should You Sell Bank Of America And Buy Citigroup?
12/07 WALL STREET BREAKFAST : Senate Committee Mulls AT&T-Time Warner Merger
Advertisement
Financials (€)
Sales 2016 29 896 M
EBIT 2016 895 M
Net income 2016 -791 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017 20,45
Capi. / Sales 2016 0,76x
Capi. / Sales 2017 0,77x
Capitalization 22 744 M
More Financials
Chart DEUTSCHE BANK AG
Duration : Period :
Deutsche Bank AG Technical Analysis Chart | DBK | DE0005140008 | 4-Traders
Full-screen chart
Technical analysis trends DEUTSCHE BANK AG
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 34
Average target price 14,1 €
Spread / Average Target -14%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
John Cryan Chief Executive Officer
Paul Achleitner Chairman-Supervisory Board
Kimberly L. Hammonds Chief Operating Officer
Marcus Schenck Chief Financial Officer
Pascal Boillat Chief Information Officer & Head-Operations
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
DEUTSCHE BANK AG-26.79%24 376
JPMORGAN CHASE & CO.26.75%299 465
WELLS FARGO & CO2.19%278 989
INDUSTRIAL AND COML BA..-1.31%231 569
BANK OF AMERICA CORP31.67%223 928
CHINA CONSTRUCTION BAN..-2.25%188 270
More Results