What do banks do?

Put simply, banks provide services for people or organisations who want to borrow, lend, and invest money. With clients ranging from individuals to businesses, or even governments and nation states, banks are typically organisations that are as complex as they are large, playing a part in people’s lives across the world.

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Where could your skills fit in?

Technology and innovation are pushing the limits of what banking can achieve, making it an exciting time to join the sector. It means banks like Deutsche Bank are bringing together new skills and different perspectives to innovate, progress, and make a positive difference. It’s a mindset that’s true wherever you work – from technology and audit to wealth management and investment banking. Find out where a career in finance could take you.

What is Asset Management (DWS)?

In Asset Management, there’s one objective: generating income for clients. This is done by directing a client’s capital into a range of investments. These are chosen responsibly by seeking sustainable solutions which balance risk, opportunity, and other variables such as timeframes and existing investments in a client’s portfolio.

On behalf of their clients, an Asset Management team might invest in stocks, bonds, property or foreign exchange to help a client meet their investment goals. These are just some examples of common investments.

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Within Asset Management, there are two sides to the business:
investments and client coverage.

Within Asset Management, there are two sides to the business:
investments and client coverage.

Investments

This is the ‘doing’ arm of Asset Management where researchers, portfolio managers, and traders work together to manage client portfolios and make the right investments.

Client Coverage

This arm of Asset Management positions and sells the investment services offered by the bank and manages relationships with clients.

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Client Coverage

Client Coverage

This is about providing investment advice and strategies to help clients invest in a way that will grow their capital. Clients can be either institutions (corporations, central banks, insurers and financial institutions) or retail (high net worth individuals).

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Passive Investments

Passive Investments

Passive Investments often involve a long-term ‘buy and hold’ strategy. The idea is to maximise returns by minimising buying and selling, thereby reducing fees. Passive investing often follows index trackers and allows investors to diversify their portfolio in a simple and transparent manner.
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Active Investments

Active Investments

This involves the active buying and selling of assets such as stocks or bonds. The aim is to take advantage of short-term price movements to improve on the market’s average returns.
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Alternative Investments

Alternative Investments

Alternative Investments typically include things like Real Estate, Infrastructure, Private Equity, Liquid Real Assets and Private Debt. These are generally assets that can’t be traded in a traditional exchange. Often riskier investments, they can generate high rewards.
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Product Development

Product Development

This is where new and innovative financial products are developed for clients. Getting these products to market means ensuring they are fit for purpose and in line with regulatory requirements.
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AUM

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Assets Under Management is how much money a company is managing. This key metric tells you how big the company is compared to others. It can also be used for calculating management fees.

Liquid asset

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This is typically a financial asset, such as stocks and bonds, that can be converted to cash within a short timeframe. It’s often found in both active and passive investment strategies.

Illiquid asset

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This tends to be a higher-risk asset that cannot easily be sold or exchanged for cash, due to lower trading activity or interest. These types of assets are often a part of alternative investment strategies, such as real estate or investments made in private companies.

Diversification

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This is a very important part of risk management strategy. Asset managers will often invest in different types of assets – at higher and lower levels of risk – to ‘diversify’ the portfolios they handle and minimise risk.

Yield

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The yield is the amount of money that is earned on an investment. For shares, it’s the annual dividend payment. For property, it’s the rental income as a percentage of the total value of the property. For bonds, it's the annual interest as a percentage of what they are worth at any given time.

ESG

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Environmental, Social & Governance factors are criteria by which a potential investment can be assessed. Companies, for example, are measured by their ethical standards such as operating policies as well as their environmental and community impact.

Is Asset Management right for you?

From working with the world’s largest investors to being at the heart of global events, a career in Asset Management can be as exhilarating as it is rewarding. Find out what skills and qualities are required to be successful.

What is Investment Bank: Research?

Research provides market and financial analysis across various asset classes and themes Deutsche Bank’s research team analyses relevant trends across financial markets, the economy and society, highlighting risks and opportunities, and acting as a consultant for clients and stakeholders.

Research is about delivering high-quality, independent analysis that helps investors understand markets while promoting public debate on various issues.

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Company Research

Company Research

This function performs fundamental analysis of a company to take a view on the share price. An analyst will recommend buying, selling, or holding shares to their clients.

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Economic Research

Economic Research

A bank needs to know what’s happening in major global economies like the USA and UK – and that’s where Economic Research comes in, as Analysts develop expertise in a particular location.

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FIC Research

FIC Research

FIC research analysts conduct analyses of interest rates, credit, currencies, and other assets to make a recommendation on an investment strategy for a client.

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Thematic Research

Thematic Research

Banks need to advise clients on all sorts of different topics, not just finance. Thematic Research involves researching and writing about interesting (and often more abstract) subjects to help inform clients in their decision-making. Areas of research could include everything from cryptocurrencies and Environmental, Social and Governance (ESG) factors through to Covid-19 cases and vaccination rates.

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Cheap and expensive valuation

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This refers to stock being under-priced or over-priced relative to the outlook for a particular company, where the fundamentals may be either better or worse than competitors. A range of techniques are used to assess valuation.

Bull & Bear

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A ‘Bull’ is an investor who expects prices to rise. A ‘Bear’ is an investor who expects prices to fall.

Primary & secondary offering

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A primary offering is when a private company taps the markets to raise money. A secondary offering is when an existing public company raises more money from investors.

Bonds

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Bonds are a financial instrument whereby companies and governments issue debt in order to raise funds. These bonds will have a set duration and provide the buyer with interest for their investment.

Coupons

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A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value, and paid from the issue date until maturity. Coupons are usually referred to in terms of the coupon rate, which is the sum of coupons paid in a year divided by the face value of the bond in question.

Is research right for you?

Research roles require getting to grips with various kinds of analyses, including turning complex data sets, and information into meaningful insights for clients and investors. Here are some of the skills required to be a Researcher at Deutsche Bank.

What is Investment Bank: Origination & Advisory?

Origination & Advisory (also known as Corporate Finance) provides strategic advice and capital markets products that help clients build their businesses. To put it another way, they link companies that need money with investors that can provide it.

On behalf of its client, the bank will issue debt or shares, and sell it on the global market to pension funds, mutual funds, hedge funds, and private individuals. The money this raises can then be used to fund the client’s growth.

Roles in Origination & Advisory can broadly be divided into two categories; origination teams, who work with clients to understand their needs and identify new business opportunities, and product teams, who develop and execute specialist solutions within capital markets or by providing advice that clients may require.

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Mergers and acquisitions

Mergers and acquisitions

In a merger, two companies of roughly similar size join together to create a larger entity, usually under a new name. In an acquisition, a larger company buys and absorbs a smaller one (or runs it as a subsidiary). Depending on who they’re acting for, bankers will introduce buyers and sellers of companies to try and make a deal happen.

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Equity capital markets

Equity capital markets

To raise extra money, a business can offer stock – a share of itself – to investors on the equity capital market. Capital markets are an essential part of the modern economy, bringing together buyers and sellers of equity assets.

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Leveraged Finance

Leveraged Finance

A way of raising money. Generally, it’s related to an acquisition or asset purchase where a combination of higher-yielding (higher interest) loans and bonds are provided (often a cheaper way of financing a transaction than equity or cash).

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Debt capital markets

Debt capital markets

Another means of raising money is through debt – usually in the form of bonds. Bankers working on debt capital markets provide businesses with advice on raising, refinancing, and restructuring this debt.

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Investment Banking Coverage

Investment Banking Coverage

Coverage teams deliver the most relevant products across advisory, capital markets, and risk management products to senior decision-makers on the client side. Teams are typically grouped around particular industries (sectors) or geographies and work with clients in these segments.

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WACC

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Weighted Average Cost of Capital (WACC) is a method for analysing the combination of debt and equity that is the most cost-effective for the funding needs of a company.

Road Show

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Marketing a potential transaction to investors in more than one physical location, while accompanied by senior management from the company (or conducting these same meetings on a virtual basis).

LBO

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In a leveraged buyout (LBO), one company acquires another, relying primarily on debt to pay for the acquisition. The idea is to cheapen the cost versus relying on equity or cash. It may result in higher returns if the value of the company increases.

Initial Public Offering (IPO)

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An IPO is the process by which the shares of a private company are made available to the public for the first time – also known as ‘listing’ the shares on a stock exchange. Companies do initial public offerings to raise capital or allow shareholders to cash out their investments.

Tombstone

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A graphic included in a marketing presentation, traditionally in a box or ‘tombstone’ format, to highlight recent successful transactions in a related area to provide evidence of why a bank should be chosen.

Is Origination & Advisory right for you?

Text: With a diverse range of work and clients all over the world, a career in Origination & Advisory offers plenty of opportunities to make an impact. What are some of the skills needed to help create the bank of tomorrow at Deutsche Bank?

What is Investment Bank: Fixed Income & Currencies?

At Deutsche Bank, roles in our Fixed Income & Currencies (FIC) business can largely be broken down into four areas: Sales, Trading, Structuring, and Financing.

Although this is just one part of a bank’s work, it is where a lot of its commercial activities take place. In simple terms, traders in FIC buy and sell products like debt (bonds) and commodities (like oil and natural gas), as well as executing foreign exchange deals to make an incremental profit and/or hedge risk.

Sales, Trading, Structuring, and Financing encompass the following asset classes: Interest Rates, Foreign Exchange (FX), Credit and Emerging Markets.

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Trading

Trading

Traders in FIC are responsible for making quick decisions based on their market knowledge while balancing risk. In practice, they analyse large volumes of data from the financial markets to identify the triggers that drive buyers and sellers. They use these insights to pitch trade ideas to Sales teams and to clients directly. Traders have regular contact with other teams in the Investment Bank including Sales and Structuring as well as Origination & Advisory. It’s the insights that they build together that support client activity and team decision making.

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Structuring

Structuring

Structuring teams work closely with clients to understand their specific goals. Structurers need to think creatively and analytically in order to develop tailored financial products or transactions to meet these needs. They might help an institutional investor achieve a required risk profile, or a corporate looking to acquire new equipment through financing.

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Financing

Financing

Financing teams support organisations in major global industries – including asset financing in aviation and shipping, or commercial real estate lending. They create tailored solutions for the complex needs of global entities. Financing teams help clients unlock liquidity through novel solutions that align with their unique objectives.

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Sales

Sales

Salespeople are in touch with institutions, corporations, and private individuals. They suggest appropriate investment opportunities and potential trading strategies and products. If, for example, a currency suddenly increases in value, or there’s a new bond issuance, the sales team will inform investors and suggest the best course of action.

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Emerging Markets

Emerging Markets

Emerging Markets teams work across countries and borders to provide access to local market expertise and connectivity. The teams are focussed on delivering financial solutions across a wide product range that includes FX, rates, derivatives, structured cross-market products, external debt, and credit default swaps (CDS). These teams build a deep understanding of diverse financial markets in an ever-evolving context, blending technical skills with strategic thinking.

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FIC Products

Foreign Exchange (FX or Currencies)

Foreign Exchange (FX or Currencies)

Foreign Exchange markets are at the crossroads of macroeconomic policy, financial markets, and corporate activity. Companies and institutional investors hedge their foreign exchange risk, or invest in FX as an asset class, using a range of products, such as linear assets (eg. spots and forwards), highly complex structured instruments (eg. exotic derivatives), and precious metals.

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Credit

Credit

Credit teams connect corporate debt with financial markets. The trading desks buy and sell a range of credit products, from standard corporate bonds to more complex structured securities. They also handle debt with different risk levels, including investment-grade, high-yield, and distressed debt. The financing desks use the bank’s funds to provide loans to corporations, private equity firms, and institutional investors. These loans are structured to fit different industries and investment needs.

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Rates

Rates

Does a company need to hedge its complex interest rate exposure? Is an insurer or pension fund wanting to manage asset-liability risk? How about an institutional investor seeking to invest in an innovative product? The Rates business transforms financial needs into bespoke products that are carefully constructed and efficiently risk-managed.

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Emerging Markets

Emerging Markets

Emerging Markets teams work across countries and borders to provide access to local market expertise and connectivity. The teams are focussed on delivering financial solutions across a wide product range that includes: FX, rates, derivatives, structured cross-market products, external debt, and credit default swaps (CDS). These teams build a deep understanding of diverse financial markets in an ever-evolving context, blending technical skills with strategic thinking.

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Sell side

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Investment Banks like Deutsche Bank come under the umbrella of ‘sell side’ firms. On this side of the financial market, firms deal with the creation and selling of public and private securities to those on the ‘buy side’ of the industry.

Buy side

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Hedge funds, pension funds, and asset managers are all on the buy side. They raise money from investors and invest in securities across various asset classes.

Asset class

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The public side of an Investment Bank is home to sales, trading, structuring, and research professionals who only deal with publicly available information. The public side will often have business areas split via asset classes. An asset class is a grouping of investments (like stocks, bonds, real estate for example).

Bid/Ask

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When traders put a price on a specific financial product, there are two separate facets to the price. The ‘bid’ is the price at which a trader in the bank is prepared to buy the security (from a participant on the buy side). The ‘ask’ is the price at which a trader in the bank is prepared to sell it. (sometimes called the ‘offer’.)

Securities

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The term ‘securities’ once referred to paper certificates sent to investors as proof of an investment. Today, it’s used more broadly as a way of describing the most common types of investments – from stocks and shares to commodities like oil and gold, and bonds.

Covenant

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Covenants are stipulations and conditions set by lenders that borrowers must adhere to during the loan term, designed to protect the lender's interests and ensure borrower stability.

Syndication

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In private credit, syndication refers to a group of lenders (a syndicate) pooling their resources to provide a loan to a single borrower, often for larger deals or when a single lender's risk appetite is insufficient.

Is Sales, Trading, Structuring or Financing right for you?

Discover the exciting opportunities across Fixed Income & Currencies business.

What is Infrastructure?

The bank’s Infrastructure functions span multiple disciplines. These specialist teams are dedicated to delivering and supporting critical business processes, enabling the bank to serve its clients. These span areas such as Human Resources, Finance, Audit, Compliance and Risk.

Some will have begun their careers in banking, but many will have crossed over from a similar role in a different industry. And as banks become more heavily regulated, they depend more on teams of specialists in each division.

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What is the Chief Financial Office (CFO)?

What is the Chief Financial Office (CFO)?

The Chief Financial Office (CFO) manages Deutsche Bank’s financial operations. The teams within CFO ensure accurate and timely bank-wide financial reporting, such as tax and accounting. They also provide performance analysis, supporting strategic financial planning and decision making. The CFO plays a key role in cost management and risk control, with dedicated finance teams for each core division, infrastructure area, and regional operations.

The Chief Financial Office includes the following teams:

  • Group Tax: New: Group Tax manages all of the bank’s tax affairs. In all its activities it acts in accordance with overall strategy, ensuring that the legal and regulatory tax requirements are upheld. This supports the generation of sustainable value, protecting the integrity of Deutsche Bank.
  • Group Finance: Group Finance is the sole source for financial and regulatory reporting and analysis in Finance. It ensures that Deutsche Bank meets its external reporting requirements.
  • Treasury: This function supports businesses in delivering on their strategic targets at both the global and local level. It also manages the optimisation of all financial resources to implement the group’s strategic objectives.
  • Investor Relations: Investor Relations presents the bank’s investment cases to stakeholders, making sure that investments are always fair, transparent, proactive and accurate. These activities include communicating financial and business performance and ensuring that things like future prospects, strategy and management are understood by all relevant market participants.
  • Business & Infrastructure aligned teams: These teams are responsible for all activities aligned with Business and Infrastructure. They align activities across strategy and planning, performance management and financial reporting.
  • Planning & Performance Management (PPM): PPM translates strategy into financial plans, setting targets and defining strategic actions for the bank.
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What is the Chief Compliance & Anti-Financial Crime Office

What is the Chief Compliance & Anti-Financial Crime Office

The Chief Compliance & Anti-Financial Crime Office ensures strong governance and controls across the bank’s services.

The Chief Compliance & Anti-Financial Crime Office includes the following teams:

  • Anti-Financial Crime: AFC plays a critical role in ensuring the bank is free of financial crime. The team cooperates with regulatory authorities and ensures adherence to many policies and legislation. These include anti-fraud, anti-money laundering, anti-bribery and corruption and also sanctions and embargoes.
  • Compliance:Compliance is a fully independent control function. Mandated by regulators, it monitors and assesses regulatory requirements and internal policies, while providing training in these areas.
  • Controls Testing & Assurance (CT&A): New: CT&A acts on behalf of the Compliance and Anti-Financial Crime (AFC) functions to help oversee how well the bank's operational teams (the first line of defence) are managing controls. CT&A also reviews and provides feedback on the effectiveness of the controls and frameworks owned by Compliance and AFC. Its role is to support the bank by maintaining and improving its overall control framework.
  • COO Central: The Chief Operating Office (COO) supports the strategy and day-to-day operations of the Chief Compliance & Anti-Financial Crime Office. It helps create alignment and coordination across the bank’s divisions, so that all areas are working effectively and toward the same goals.
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What is Human Resources (HR)?

What is Human Resources (HR)?

HR makes the operational and strategic decisions for the bank’s current and future workforce. This involves attracting, recruiting, and retaining talented people, making sure they’re properly trained and treated fairly. Alongside recruiting the best employees to meet the demands of the business, this division’s other main areas of responsibility include ensuring that all colleagues have access to training and development, as well as adequate compensation and benefits. In addition, the HR division ensures compliance with employment law, communicating company rules and procedures to employees – and creating a culture where talent is rewarded.

Human Resources includes the following teams:

  • HR Business Advisory / HR Business Partner: Accompaniment of the employee livecycle.
  • Performance & Reward: Support us in the design and analysis of performance-based compensation models.
  • Labour Relations: Advising the departments and management on labour law, social policy and strategy.
  • Talent & Development: Development and promotion and further training of our employees.
  • Talent Acquisition: Identification of the best talents and implementation of innovative recruiting strategies.
  • Workforce Strategy & Analytics: Future-oriented strategies to optimize our workforce planning.
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What is the Chief Risk Office (CRO)?

What is the Chief Risk Office (CRO)?

There are a variety of risks that the bank faces, including market volatility, regulatory changes, and legal issues that can impact the bank’s capital and reputation. Identifying and managing these risks is the responsibility of the Chief Risk Office (CRO). The teams in CRO work to identify, measure, and mitigate these potential risks. They navigate effective risk management through rigorous monitoring, ensuring governance with the bank’s principles, and close collaboration with the different divisions. This requires continuously evolving to adapt to the range of products and changing market dynamics.

The Chief Risk Office includes the following teams:

  • Credit risk: Working on the bank’s internal credit approval and monitoring service
  • Market risk: Studying shifts in the market and assessing their impact on the bank’s trading
  • Operational risk: Assessing internal risks like system failures and fraud
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What is the Chief Compliance & Anti-Financial Crime Office

What is the Chief Compliance & Anti-Financial Crime Office

The Chief Compliance & Anti-Financial Crime Office ensures strong governance and controls across the bank’s services.

The Chief Compliance & Anti-Financial Crime Office includes the following teams:

  • Anti-Financial Crime: AFC plays a critical role in ensuring the bank is free of financial crime. The team cooperates with regulatory authorities and ensures adherence to many policies and legislation. These include anti-fraud, anti-money laundering, anti-bribery and corruption and also sanctions and embargoes.
  • Compliance:Compliance is a fully independent control function. Mandated by regulators, it monitors and assesses regulatory requirements and internal policies, while providing training in these areas.
  • Controls Testing & Assurance (CT&A): New: CT&A acts on behalf of the Compliance and Anti-Financial Crime (AFC) functions to help oversee how well the bank's operational teams (the first line of defence) are managing controls. CT&A also reviews and provides feedback on the effectiveness of the controls and frameworks owned by Compliance and AFC. Its role is to support the bank by maintaining and improving its overall control framework.
  • COO Central: The Chief Operating Office (COO) supports the strategy and day-to-day operations of the Chief Compliance & Anti-Financial Crime Office. It helps create alignment and coordination across the bank’s divisions, so that all areas are working effectively and toward the same goals.
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What is Strategy, Sustainability & Consulting?

What is Strategy, Sustainability & Consulting?

The Strategy, Sustainability & Consulting team is involved in developing and implementing the bank’s strategy. It includes the following teams:

  • Chief Sustainability Office: coordinates the bank’s global sustainability initiatives and timelines.
  • Corporate Affairs & Strategy: ensures effective communication with stakeholders and supports overall strategy implementation. The Communications function handles internal and external communication, corporate social responsibility and the bank’s art and culture initiatives.
  • Deutsche Bank Management Consulting (DBMC): assists senior management with strategic priorities and international projects.
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What is Group Audit?

What is Group Audit?

Group Audit plays an integral role in the achievement of the bank’s strategic goals. This function is responsible for examining, evaluating, and reporting on the structure and effectiveness of internal operational systems, as well as risk management and governance processes. Working here involves assisting the bank’s businesses and infrastructure functions to identify and control weaknesses. This division also operates as an independent adviser to Senior Management on any issues, and a space for regulators to consult with the bank directly.

Group Audit includes the following teams:

  • Business aligned teams: such as Corporate Bank, Private Bank and Strategy & Change.
  • Infrastructure aligned teams: such as Technology, Risk, Compliance, Sourcing, Anti-Financial Crime, HR & Global Real Estate, Legal & Regulatory Affairs and Finance.
  • Central teams: such as Data Analytics and Professional Practices.
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AML

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Anti-Money Laundering refers to the policies, laws, and regulations implemented to prevent financial crimes.

ERM

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Enterprise risk management is what a company does to manage business risks.

KYC

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Know Your Customer – this is all about having enough data and information to understand how customers behave and to identify any suspicious activity on their accounts.

EBITDA

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EBITDA stands for ‘Earnings Before Interest, Tax, Depreciation and Amortisation.’ It measures profitability and company performance – and it’s calculated by adding interest, tax, depreciation, and amortization expenses to net income.

Lines of defence

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This framework outlines internal audit’s role in assuring the effective management of risk. The first line of defence includes functions that own and manage risk, while the second line is functions that deal with compliance, and the third is functions that provide independent assurance.

Is an Infrastructure role right for you?

There’s not specific type of person who succeeds at Deutsche Bank. It’s all about having a balance of passion and professionalism in an environment designed to bring out the best in people. There are some skills that will always help, however.

What is Private Banking and Wealth Management?

Individuals with substantial wealth want to ensure that their asset portfolios are generating the best possible returns, even when there’s complex financial arrangements. They’ll work with a specialist advisor at a bank with in-depth knowledge of financial markets and investment opportunities who can understand their perspective and help them reach their goals.

Wealth Managers work in a consultative way, getting advice from experts, and offering appropriate products and solutions to their clients.

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Within Private Banking and Wealth Management, there are two types of services: discretionary and non-discretionary.

Within Private Banking and Wealth Management, there are two types of services: discretionary and non-discretionary.

Discretionary

Clients hand over responsibility for executive portfolio management to the bank.

Non-discretionary

Clients receive advice from the bank, but make final decisions for themselves.

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Relationship Managers

Relationship Managers

Relationship Managers are the main point of contact for clients and are also responsible for acquiring new clients. They create and maintain strong relationships, solve problems, and listen to and share feedback. They will usually be highly experienced investment advisors.

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Investment Managers

Investment Managers

Investment Managers act in the market for their client, making decisions and working closely with the client about where investments are placed. Ultimately, they’re responsible for how clients’ portfolios perform.

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Product specialists

Product specialists

These are typically experts in a particular asset class who will develop investment products and make them available to clients.

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Strategy

Strategy

Strategy specialists analyse market conditions and competitor activity to see where the bank could gain an advantage. They also review the bank’s performance against its targets and produce reports and insights.

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Ultra-High-Net-Worth (UHNW)

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As the name suggests, UHNW individuals are some of the world’s richest people – they hold investable assets totalling at least $30 million.

Wealth Planning

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Wealth planning is about understanding client objectives and planning strategies designed to help protect, grow, and effectively manage a client’s wealth.

Environmental Social Governance (ESG)

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ESG are the three factors that determine how sustainable a company is. It includes looking at the environment, social governance, and financial performance – providing guidance on what will happen to a company's finances.

Discretionary Portfolio Management (DPM)

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DPM is when a portfolio manager or investment counsellor makes decisions about what to buy or sell with a client’s money.

Client business volume (CBV)

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CBV is a measurement of a client’s business that takes invested assets, sight deposits, and loans into consideration.

Is Private Banking and Wealth Management right for you?

Managing the assets of some of the world’s wealthiest people is a fulfilling and challenging job – but expectations can be high. Some of the skills needed at Deutsche Bank include:

What is the Retail Bank?

The Retail Bank provides products and services like loans, mortgages, and current accounts to individuals and small companies. There’s much more to it than high-street branches and call centres. It’s a huge, complex, and competitive business where customers want the latest digital advantages without losing access to personal advice.

Opportunities in retail range from front-line customer service and branch management to relationship management and product development. People with aptitude can progress quickly while getting the chance to study for professional qualifications.

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Customer service

Customer service

Working on the counter at a branch or in a contact centre, customer service teams are the first point of contact for the bank’s retail customers. They help with queries and problems, referring them to the appropriate specialists.

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Product development

Product development

Product development teams make sure that the bank’s range of services – like credit cards, savings accounts, and insurance – are meeting the changing demands of its customer base.

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Branch management

Branch management

Branch Managers are responsible for the commercial performance of their business unit, managing in-branch recruitment, setting targets for junior staff, and reporting on activity to the wider bank.

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Strategy

Strategy

Strategy specialists analyse conditions and competitor activity, seeking out where the bank could gain market advantages. They also produce reports and insights into the bank’s performance.

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Targets

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Bank branches are set financial targets by head office. They try to meet these by making money on the products sold – all while providing excellent customer service.

Power of Attorney (POA)

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POA is when someone is given third-party control over an account.

Credit

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Retail banks are an important source of credit for people. Providing loans, credit cards, and mortgages is important because it helps the economy to grow through larger purchases, like cars and houses.

Anti-Money Laundering (AML)

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AML is about understanding and recognising the techniques criminals will use to gain benefit from the money they make from their crimes.

Is Retail Banking right for you?

Retail Banking is fast-paced, and the people who work in-branch, will be seen as the face of the Bank. Find out the kind of attributes needed for success.

What is the Corporate Bank?

The Corporate Bank partners with clients such as financial institutions, investors, and issuers to shape the future of financial services.

Corporate bankers specialise in offering clients the best products and solutions to make the most of their companies’ financial management. They provide them with services like liquidity management, foreign exchange, payment, trade finance, and credit solutions.

It’s a huge and complex business where clients expect the latest technology, personalised advice, and the benefits of broader industry expertise.

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Risk Management Solutions

Risk Management Solutions

Risk Management Solutions support clients in tackling challenges like currency risks, interest rate changes, and liquidity management. The team develops and executes various solutions and scalable approaches for clients. This requires working closely with the bank's corporate coverage, structuring, and trading teams. It's a dynamic field for a client facing role – one that requires a willingness to develop an understanding of commercial business models, the potential risk factors involved, and also create new strategies for clients.

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Cash Management

Cash Management

Cash Management teams facilitate global payments and liquidity solutions, providing insights into business flows, client behaviour, and industry trends. By leveraging data and innovation, they develop tailored solutions for corporate treasury needs, including in-house banking and fraud prevention. In a rapidly evolving financial landscape, the team is an essential part of how the bank can ensure businesses manage cash efficiently, securely, and strategically.

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Coverage

Coverage

Working in collaboration with client service teams and product experts, Coverage teams strive to provide the best solutions for clients, engaging with the likes of company CFOs and Treasury departments. They address their specific needs through financing, risk management, cash management, trade finance, and lending. Their holistic understanding of client business models allows them to analyse and identify opportunities in global business relationships. By aligning client needs with the bank’s innovative services and tailored solutions, the teams in Coverage help drive business growth, expand opportunities, and enhance deals.

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Trade Finance

Trade Finance

Trade finance is all about how the bank supports the trading of goods and services across international borders. The team is involved with the securing of payments, financing, and risk monitoring. Trade finance teams play a key role in supporting the local and international economy, working closely with clients, advising on innovative solutions to mitigate risk, and finding ways to finance capital needs along the client’s supply chain. These teams also support the ongoing digitalisation of the Trade Finance industry, innovating to improve industry efficiency.

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Lending

Lending

Lending provide essential financing to support businesses’ growth. Lending teams can structure solutions that range from traditional bilateral and syndicated loans to innovative, sustainable, and international financing. They are responsible for tailoring strategies to diverse industries and client needs, ensuring businesses have the financial capacity to expand. They’re also responsible for enabling clients to access the capital they need to achieve their strategic objectives.

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Jargon buster

Cash pooling

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An automated physical movement of cash to and from different subsidiary bank accounts into one, centralised ‘header’ bank account on a domestic, regional, or global level. It enables treasurers to benefit from better visibility of cash and simplify cash management structures while avoiding overdrafts and other fees.

Corporate Trust

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The provision of agency services and other related services to support activity in debt capital markets.

Letter of credit (LC)

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An LC is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. If the buyer is then unable to make a payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.

Custody

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A securities collection and distribution service provided by financial institutions. The institution collects dividends, proceeds, and interest from customers’ security sales before distributing them on their behalf.

Corporate Actions

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Events related to holding security. This could include dividends, coupon payments, bonus issues, and takeovers. These can be mandatory (e.g. dividends) or voluntary (e.g. takeovers).

Is Corporate Bank right for you?

With a diverse range of work and clients all over the world, a career in Corporate Banking offers plenty of possibilities. The best way to make an impact? Here are some of the skills required for success at Deutsche Bank.

What is Technology, Data & Innovation (TDI)?

The right technology can give a competitive edge. With emerging applications, like Blockchain and AI, transforming the banking industry and the increasing significance of the Cloud, institutions are investing vast sums in tech – employing thousands of people to develop and maintain it.

Data and digitization can help with everything from compliance to enhancing sustainable practices. On the trading floor innovation is making trades faster, more competitive, and more profitable, and finding the right technology, then making that technology better, is crucial to every part of a bank.

What would you like to see?

Division overview
Jargon busters
What skills you need
What our graduates think

Division overview

Engineers

Engineers

Engineers create new applications and software to be used by the bank. They can also adapt third-party software to their needs. They work on everything from mobile banking apps to applications that use financial modelling to help traders make better decisions.

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Information Security

Information Security

Information Security identifies and evaluates data security threats and finds ways to manage, deter, and remove them. This involves monitoring, analysing, developing, and supporting security controls – and managing disaster recovery plans.

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QA Testing

QA Testing

Analysing requirements, writing test cases, and creating test data are just a few things Quality Assurance (QA) Testing teams do to ensure products uphold the highest standards. From planning and strategy to analysis and reporting, this team does the hard work that drives banking forward.

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Business Analysts & Project Managers

Business Analysts & Project Managers

Business Analysts assess existing systems and develop proposals for new requirements. Project Managers manage all stages of the development activity, running a team of engineers and dealing with third-party suppliers. It’s up to these individuals to troubleshoot problems and hand over a robust new product to the business.

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Service Management

Service Management

Service Management teams are hands-on technicians, supporting the bank’s teams and leveraging their expertise to ensure best-in-class Service Management. From monitoring and tracking production data to supporting the resolution of issues, their insights and input help advance the bank.

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Data Scientists

Data Scientists

Data Scientists design and develop algorithms, implement technical solutions, and configure applications. From participating in the design and architecture of data science solutions to exploring the uses of technologies, they contribute to the general body of knowledge of data science and represent the bank in industry initiatives.

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Jargon buster

Machine Learning (ML)

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The training of computers, using AI and LLMs, to learn from data to spot trends and make predictions. Banks can develop ML models to understand customer behaviour, detect fraud, and automate tasks.

Artificial intelligence (AI)

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AI enables computers to perform tasks or solve problems typically undertaken by humans. Used carefully, AI can help make data-backed decisions, improve efficiencies, and enhance the customer experience.

Big data

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A very large volume of information that is difficult to process using traditional methods. This data can be used to analyse trends and work toward improving customer satisfaction through methods like personalised suggestions.

Quantum computing

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Applying the principles of quantum physics, quantum computers have power to process data millions of times faster than even the fastest supercomputer. This opens up endless opportunities to enhance efficiency in banking.

Cloud

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Cloud computing allows users of global banks to access new and upgraded software wherever they’re based, eliminating the need for large, costly IT infrastructure. The speed at which banks can evaluate and adopt new tools and applications can also be greatly increased.

Blockchain

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A system that records information in a way that makes it difficult to change, hack, or cheat the system. It's like a digital ledger of transactions. Each block in the chain contains many transactions. Every time a new transaction occurs, it has to be updated everywhere at once.

Is Technology right for you?

Technology is reshaping the banking industry, unlocking new possibilities in finance, and reimagining what banks can be. These are the skills needed to transform banking at Deutsche Bank.

Privacy Notice

At Deutsche Bank we recognise the importance of personal information entrusted to us. It is one of our fundamental responsibilities as a bank to ensure that we protect the information entrusted to us by our clients and our website visitors. Please find below select security measures we established to protect your privacy

Why does Deutsche Bank collect personal information?

We collect, process, and use personal information on our websites in order to offer you even better products and services, best adapt our business processes to our clients’ needs, and steer you to the most suitable product information and online banking applications.

How is information collected and how long is it retained?

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Information collected on our website will only be retained for as long as necessary to fulfil the purpose for which it was collected. If you wish to access or correct any information Deutsche Bank AG holds about you, you may have your data deleted, blocked or corrected (as long as compliant with applicable law). You have the right to access the personal information we hold about you; this service is free of charge.

What information is collected and how is it used?

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  • Data tracking
    Tracking information includes details of the originating page that you used to access the Deutsche Bank website including the search requests you may have made when using a search engine. Details of the Deutsche Bank websites you visited and which search terms you may have used on the website are also collected, as well as additional information about website errors, website scrolling and the volume of data transferred between your browser and the web server.
  • Length of stay
    We record the duration of your visit by processing when your visit started and came to an end as well as the network activity time, pop-up display time and the time that any errors occurred.
  • Pseudonymised IDs
    Your pseudonymised IDs (uniquely identifiable number combinations) are stored In order to identify you as a repeat visitor to our website.
  • Session information
    Besides temporary session IDs, with which your visit can be assigned via several subpages, your session information also includes the duration of the session.
  • Campaign information
    Campaign information comprises the advertising media you have clicked on, where it is located and which marketing campaign it belongs to.
  • Loading times
    The information collected includes the time taken for images and the whole website to load, as well as the time at which the website was loaded completely and the time spent on the website.
  • Location information
    Where available, we collect information about the postcode, town, country, longitude, latitude and time zone of your visit.
  • System information
    The information about the system with which you visit the website, including the display resolution, the operating system and browser used, network and connection information, the end device used, information about cookies, flash and JavaScript as well as the language setting, your domain, the IP address (shortened) and where applicable your organisation (if available)
    We use the information collected on our websites to compile user profiles using pseudonyms. These pseudonymised user profiles do not allow any of your personal details to be identified. You can opt out of your information being collected by using the “Analytics & Re-Marketing Opt-out” link further down this page. Without your explicit consent this tracking information will not be combined with your personal information.

How is information retained, protected and used?

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Information input collected through this website will be transferred to the responsible Deutsche Bank AG division. Banking secrecy as well as confidentiality are maintained. Data will not be transferred to third parties, unless necessary to answer your queries (i.e. leaflets dispatched by vendors). Your information is used to exclusively fulfil the purpose for which it is collected, relating to the website through which it is collected.
Websites through which we collect your information are usually encoded using the encryption module of your browser. These sites are certified by renowned institutions for international encryption technique, analogous to Deutsche Bank’s Internet Banking. Moreover, Deutsche Bank AG put in place additional and comprehensive state-of-the-art security measures when both accounts and custody accounts are accessed via the Internet. Firewalls prevent unauthorized access.
Diverse encryption and identification layers protect customer information from intrusion or disclosure to third parties during data transfer. Furthermore, Deutsche Bank AG internally uses sophisticated encoding methods in order to prevent de-coding by unauthorised persons. Moreover, an electronic identifier is generated during data transfer to safeguard your information.

Data privacy notices and EU General Data Protection Regulation

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In addition to this website-specific privacy notice, further data privacy information, as required by the EU General Data Protection Regulation under A. X. in German and English.

Data privacy notes on social plugins

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Our website uses social plugins (“plugins”) from the social networking sites Twitter, Facebook, LinkedIn and XING. If you access a Deutsche Bank website using such a plugin, your browser will contact the server of the underlying social networking site, load the visual presentation of the plugin, and present it to you.
While this is happening, the social networking site receives information concerning your visit to our website, as well as further data such as your IP address. In order to ensure an appropriate level of data privacy in connection with our internet presence, we have deactivated the respective plugins with a button and placed a short data privacy note that can be consulted before a plugin is activated.
Our website also contains links to the social networking sites like Facebook, Flickr, Instagram, LinkedIn, Twitter, XING or YouTube. We have no influence on the data that social networking sites collect via an active plugin or via a link. For more information, please consult the relevant data privacy notice:

Cookies

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In view of the importance of data privacy, and our obligations of transparency, we provide information below about cookies, how we use them on our website.
What are cookies?
Cookies are small text files that are sent to your computer to ensure the technical functionality of the website. Deutsche Bank uses cookies in some areas of its web pages to make it easier for you to use the pages and to make them more personalized.
What are cookies?
When trying to understand cookies, it can help to know following terminology:

  • Cookies installed on your device by the organization running the website you are visiting are known as “first party” cookies.
  • Cookies installed on your device via the website you are visiting by another organization are termed “third party” cookies. An example is a cookie set by a specialist website analytics company that provides the website owner with data on the numbers of people visiting its website (Cookies for range and usage analysis).
  • So-called “persistent cookies” remain on your device even after you close your internet browser. They are activated each time you visit the website that created that particular cookie. For example, where a "persistent cookie" is used on a website to remember your login details, you will not need to enter those details each time you visit that website (Functional and preference cookies).
  • Session cookies, by contrast, are temporary and are typically used to enable the website to operate, e.g. by permitting a user to move from page to page without having to log in again. Once you close your browser, all session cookies are deleted (Technically necessary cookies).
  • Flash cookies are installed by websites that contain media (e.g. video clips). Adobe Flash software is required for this. This allows content to be downloaded more quickly and information to be stored, for example that the content has been accessed from your device (Functional and preference cookies).


What cookies do we use?
This website only uses cookies that are necessary for the technical functionality of our website and the recognition of errors and security relevant conspicuous features or to offer a service or functionality requested by you; e.g. a cookie that "remembers" your personal settings such as selected language or similar. Marketing cookies and other cookies requiring your consent are not used on this site.
The following technically necessary cookies are used.

Cookie namePurpose of useClassLifetimeTypeProcessing company
ioMarketingOptionalEnd of SessionPersistentWebtrekk GmbH
wt_rlaMarketingOptional1 monthsPersistentWebtrekk GmbH


How to control cookies
Some cookies allow you to take full advantage of the functionality of our website. In order to offer certain functionalities, certain technically necessary cookies can be used to display these functionalities correctly.
You can set your web browser to disable cookies. Please note that most browsers offer different ways to protect your privacy. If you do not activate or deactivate certain cookies via the browser settings, it is possible that certain functionalities will not be available to you as expected. For example, you can allow first-party cookies, but block third-party cookies, or receive a notification each time a website wants to install a cookie.
Please note that if you disable cookies in this way, you will not be able to set new cookies. However, it will not prevent previously set cookies from continuing to work on your device until you clear all cookies in your browser settings. Instructions for managing cookies on your browser can usually be found under the browser's help function or in the operating instructions for your smartphone.

If you feel that the above is not sufficient or if you have any queries as regards the collection, processing or use of your information we are looking forward to hearing from you. We will make every effort to reply as soon as possible and take into consideration any suggestions from your end.
For inquiries about the personal data of yours that we hold, please use the following PDF German language form(PDF) or contact us at data.privacy@db.com.

If you feel that the above is not sufficient or if you have any queries as regards the collection, processing or use of your information we are looking forward to hearing from you. We will make every effort to reply as soon as possible and take into consideration any suggestions from your end.


For inquiries about the personal data of yours that we hold, please use the following PDF German language form(PDF) or contact us at data.privacy@db.com.

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