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Börse Express – ROUNDUP 2: Deutsche Bank is pushing ahead with restructuring and reorganizing the Supervisory Board

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FRANKFURT (dpa-AFX) – The Deutsche Bank want theirs
Don’t let the corona crisis slow down corporate restructuring. “We
as a Deutsche Bank have to be more profitable than today when we are in
want to play a role in European consolidation “,
CEO Christian Sewing emphasized at the online general meeting
of the Frankfurt Dax Group on Wednesday. He was
is convinced that the conversion initiated in 2019 is “the best way to go
Deutsche Bank sustainably profitable in international competition
to set up “.

Germany’s largest money house has a number of business areas
withdrawn and investment banking shrunk. In addition, until
At the end of 2022, the number of full-time positions across the group increased by around 18,000
to sink to 74,000 worldwide. The one because of the virus pandemic on ice
Discussions on job cuts will be resumed.

Management believes the bank is solid enough
positioned to deal with the corona crisis without major injuries
survive. “We are part of the solution, and so are we
convinced that Deutsche Bank will also emerge stronger there
can, “said Sewing. After five consecutive years of loss
however, the bottom line in the current year is red numbers.

Two controversial issues were on the agenda of the general meeting
Personal details: Ex-SPD boss Sigmar Gabriel and Deutsche Börse boss
Theodor Weimer were both elected to the supervisory board. Weimer will
in media reports again and again as a possible successor to
Supervisory Board Chairman Paul Achleitner called.

The fund company Deka Investment warned of possible
Conflicts of interest. Weimer himself attended the general meeting
Deutsche Börse said the day before that he was currently planning his
contract with the stock exchange as of December 31, 2024 “until the end
the regular term “. Weimer emphasized:” As long as I
CEO of Deutsche Börse is taking over the
Chairman of the supervisory board at Deutsche Bank excluded. “

Achleitner said: “I will be until the end of the 2022 general meeting
chosen and I intend to assume my responsibility as
Chairman of the bank’s supervisory board until the end of my term
afford. “The chief inspector in office since mid-2012
affirmed: “I do not seek re-election. After ten years
in this responsibility it must also be enough. “

Gabriel’s appointment in January had also triggered criticism – as is the case
often when former top politicians switch to business. The
former foreign minister and vice chancellor was already in March
Court order ordered for the Deutsche Bank Supervisory Board
been./ben/stw/DP/he

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AXC0403 2020-05-20 / 20:28

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