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Deutsche Bank Continues to Strengthen Infrastructure in the US

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Deutsche Bank today announced three appointments within Group Technology & Operations (GTO) in New York, all at the Managing Director level. These appointments reflect the Bank’s commitment to strengthening key infrastructure staff in order to meet regulatory and operational requirements globally. As previously announced, the Bank is hiring 500 employees in the US across various control functions as part of a group of 1,300 people dedicated to ensuring that its systems and controls are best in class.

  • Steve Horn was appointed to lead GTO in the establishment of Deutsche Bank’s Intermediate Holding Company (IHC). He was previously Global Head of GTO Corporate Banking & Securities Clearing and Collateral Management.
  • Maggie Parent joined as Head of GTO Corporate Technology, Americas. She is responsible for supporting technology for the Intermediate Holding Company (IHC) as well as overall regulatory reporting technology in the region. Parent joined from Credit Suisse, where she was the Chief Operating Officer for Investment Banking Technology. Previously, she was with Morgan Stanley for over 20 years where most recently she held the role of Chief Operating Officer for Global Technology and Operations, while serving as the Chief Information Officer for the Americas.
  • Steven Rubel joined as Global Head of Collateral Operations and Americas Head of Markets Clearing and Listed Derivatives Operations. Rubel joins with over 30 years of collateral and derivatives experience. He was most recently Global Head of Collateral Management and Global Capital Markets Treasurer at AIG.

Deutsche Bank is a leading client-centric global universal bank serving 28 million clients worldwide. Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 20 March 2014 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.

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