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Deutsche Bank AG [a] (German pronunciation: [ˈdɔʏtʃə ˈbaŋk ʔaːˈɡeː] ⓘ, lit. ' German Bank ') is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. Deutsche Bank was founded in 1870 in Berlin.
The DWS Group (Formerly: Deutsche Asset Management) commonly referred to as DWS, is a German asset management company. It previously operated as part of Deutsche Bank until 2018 where it became a separate entity through an initial public offering on the Frankfurt Stock Exchange.
In May 1992, in the run-up to the Earth Summit in Rio de Janeiro that year, a small group of banks, including Deutsche Bank, HSBC Holdings, Natwest, Royal Bank of Canada, and Westpac developed the UNEP Statement by Banks on the Environment and Sustainable Development, and the Banking Initiative was formed.
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]
Cryan was appointed co-chief executive officer of Deutsche Bank in June 2015, [8] [9] a position he shared with Jürgen Fitschen until May 2016, when he became sole CEO. [10] On 8 April 2018, Cryan was replaced by Christian Sewing as chief executive at Deutsche Bank. [11] In April 2019, Cryan became a director at X Cyber Group LTD in the UK. [12]
The three large banks (Grossbanken, namely Deutsche Bank, Commerzbank, and Hypovereinsbank) each nominate one member; the small privately owned banks (Privatbankiers) collectively have two seats; the second-tier commercial banks known as regional banks (German: Regionalbanken) have four seats; and the foreign banks (other than Italian-owned ...
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The company was founded in 1965 as Deutsche Beteiligungsgesellschaft mbH and is, according to its information, the oldest company in the private equity sector in Germany. [3] Deutsche Beteiligungs AG was founded in 1984 by Deutsche Bank and Schmidtbank from Hof (Saale) and was managed by Deutsche Beteiligungsgesellschaft mbH.