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Deutsche Bank has offices in major financial centers including New York, London, Frankfurt, Paris, Moscow, Amsterdam, Dublin, Toronto, São Paulo, Singapore, Hong Kong, Tokyo, Sydney and Mumbai. Furthermore, the bank is investing in expanding markets, such as the Middle East, Latin America, Central & Eastern Europe and Asia Pacific. The bank offers financial products and services for corporate and institutional clients along with private and business clients. Services include sales, trading, research 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 until 2013. On July 26, 2011, along with its second quarter earnings report, Deutsche Bank reported that Anshu Jain, head of investment banking and Jürgen Fitschen, head of the German unit, will replace Josef Ackermann as co-CEOs. Fears that Deutsche Bank could neglect its German roots and expand risk-taking activities prompted key members of the supervisory board to opt for the dual CEO model. Deutsche Bank is listed on both the Frankfurt (FWB) and New York stock exchanges (NYSE). |
