Deutsche Bank AG is an international universal bank offering financial products and services for corporate and institutional clients along with private and business.The bank offers financial products and services for corporate and institutional clients along with private and business clients.
Services include sales, trading, and origination of debt and equity; mergers and acquisitions (M&A); risk management products, such as derivatives, corporate finance, wealth management, retail banking, fund management, and transaction banking.Deutsche Bank’s Chief Executive Officer and Chairman of the Group Executive Committee, since 2002, is Josef Ackermann.
He agreed at the end of 2009 to continue as chief executive of Deutsche Bank for another three years till 2013. Deutsche Bank is listed on both the Frankfurt (FWB) and New York stock exchanges (NYSE).
Deutsche Bank has been transformed over the past five years, moving from a German-centric organization that was renowned for its retail and commercial presence to a global investment bank that is less reliant on its traditional markets for its profitability.
The bank has been widely recognized for its progress and was named IFR Bank of the Year twice in a three year period, in 2003 and 2005. For the 2008 financial year, Deutsche Bank reported its first annual loss in five decades, despite receiving billions of dollars from its insurance arrangements with AIG, including $11.8bn from funds provided by the United States taxpayers to bail out AIG. According to statistics, the total revenue of the company in 2009 was $28 billion with Net Income of $5 billion.
Its address and contact details are as follows
60325 Frankfurt am Main
(for letters and postcards: 60262)
Tel.:+49 69 910-00
Last Updated on : 30th July 2013