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Management Structure

Management structure (organigramme)

The Management Board of Deutsche Bank AG has as its prime responsibility the Group’s strategic management, resource allocation, financial accounting and controls, capital and risk management, and internal controls. The Management Board is supported in the performance of its leadership and oversight duties by functional committees which are chaired by Management Board members, and by the Corporate Center.

In May 2007, Tessen von Heydebreck retired from the Management Board, which until then had consisted of five members. His responsibilities – Human Resources, Legal, (Glossary)Compliance, Audit and Corporate Social Responsibility – were re-allocated among the four remaining Management Board members.

The Group Executive Committee (GEC) is made up of the members of the Management Board, the heads of the five core businesses, and the Head of Regional Management. The GEC supports the Management Board in its decision-making. At regular meetings, it reviews developments within the businesses, discusses matters of Group strategy and formulates recommendations for the Management Board. Josef Ackermann chairs both the Management Board and the GEC.