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Deutsche Bank

Deutsche Bank
Company nameDeutsche Bank AG
Company typeAktiengesellschaft
IndustryFinancial services
HeadquartersFrankfurt am Main, Germany
Area servedWorldwide
Key peopleJosef Ackermann (CEO and chairman of the management board), Clemens Börsig (Chairman of the supervisory board)
ProductsInvestment, commercial, retail and private banking, asset management
Revenue-28.57 billion (2010)
Net income-2.310 billion (2010)
Total assets-1.906 trillion (end 2010)
Total equity-49.2 billion (end 2010)
Employees102,060 (FTE, end 2010)

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Deutsche Bank AG (literally "German Bank"; -deˈdɔʏtʃə ˈbaŋkpron) is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets. Deutsche Bank is the largest foreign exchange dealer in the world with a market share of 21 percent.

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, Dubai, Riyadh and Mumbai.

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 is Josef Ackermann since May 2002. 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 business, will replace Josef Ackermann as co-CEOs starting next year. 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).

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