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Edson Mitchell (1953–2000) was an American investment banker and executive. He served as the head of Deutsche Bank's global markets organization. During his tenure, he transformed the bank into a major and highly profitable player in trading bonds, securities and foreign currencies.
From 1929 to 1937, following its merger with Disconto-Gesellschaft, it was known as Deutsche Bank und Disconto-Gesellschaft or DeDi-Bank. [3]: 580 Other transformative acquisitions have included those of Mendelssohn & Co. in 1938, Morgan Grenfell in 1990, Bankers Trust in 1998, [4] and Deutsche Postbank in 2010.
All client funds were held at Deutsche Bank AG and protected by the Deposit Protection Fund of the Association of German Banks. From 2006-2008, dbFX became the fastest growing business within Deutsche Bank, and a major contributor to Deutsche Bank's reign as the world's largest provider of foreign exchange trading from 2005-2013. [16] [17]
The 400 former branch employees were transferred without any layoffs to Postbank, also a subsidiary of Deutsche Bank. [7] Today, Norisbank employs around fifty people (mainly in management), and a large part of its banking services are provided by other employees within Deutsche Bank Group. [3] Since December 2014, Bonn is the seat of Norisbank.
In 1983, AVAG was renamed “Deutsche Vermögensberatung AG”. Reinfried Pohl's sons Andreas and Reinfried Jr. joined the company's Executive Board in 1984. [6] An Austrian subsidiary, now operating as “Deutsche Vermögensberatung Bank Aktiengesellschaft”, was founded in 1993. [7] Cooperation with Deutsche Bank began in 2001. [8]
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Cash Group is a cooperation of the four largest German private banks (Deutsche Bank, Commerzbank, HypoVereinsbank, and Postbank) and their subsidiaries, in which they mutually waive ATM usage fees for their customers. It is not an interbank network but uses the pre-existing girocard network. With more than 7000 ATMs, the cooperating banks' ATM ...