Deutsche Bank management structure

By Our Banking Bureau | 02 Feb 2002

1
Frankfurt: Deutsche Bank 

(www.deutsche-bank.com) is continuing to develop its management structure. The group board now focuses on strategic management, resource allocation and control and risk management.

Additionally, the group board has installed a group executive committee and is strengthening the divisional and functional committees. The new management structure takes account of the ongoing globalisation and complexity of the Deutsche Bank group’s business. The change comes into force with immediate effect.

As of from now, the group board of Deutsche Bank consists of the following members:
* Dr Rolf-E Breuer (spokesman and chairman of the group executive committee until22 May 2002).
* Dr Josef Ackermann (spokesman and chairman of the group executive committee from 23 May 2002).
* Dr Clemens Börsig (chief financial officer).
* Dr Tessen von Heydebreck (chief administrative officer).
* Hermann-Josef Lamberti (chief operating officer).

Through the concentration of the group board on strategic management as well as resource allocation and control and risk management, Deutsche Bank’s management organisation is taken forward clearly in terms of a virtual holding structure. Within the group board, Breuer (private clients and asset management and corporate investments) and Ackermann (corporate and investment bank) are responsible for operational business until 22 May 2002.

With the general meeting on 22 May 2002, Breuer will leave the group board as scheduled and be proposed to the shareholders for election to the supervisory board. With effect from 23 May 2002, Ackermann will additionally take over the responsibilities of Breuer on the group board.

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