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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.
In 2012, Deutsche Bank announced the establishment of its Asset & Wealth Management (AWM) division which DWS was fully integrated into. [8] The DWS brand name was retained as the name for the German retail business. However, in 2015, AWM was split into Deutsche Asset Management and Deutsche Bank Wealth Management. [9] In 2017, Deutsche Asset ...
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 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 ...
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.
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Jain combined the bank's asset management and wealth management divisions into a single unit, [45] [3] and expanded it to be a global competitor closer in size to Deutsche Bank's other major units. [ 46 ] [ 47 ] [ 48 ] He put Michele Faissola in charge of the unit, [ 49 ] and to assist expansion had it do cross-business with Deutsche Bank's ...