Significant increase in Staff worldwide

The strong rise of 14% in the number of Deutsche Bank employees worldwide was primarily due to the implementation of our growth initiatives, which meant new jobs were created in the high growth regions of the world and in more cost-efficient locations in Asia. The number of staff also increased in Germany – by 5.2% or 1,378 employees.

46.1% of the global staff expansion was in the Asia/Pacific region, where we hired 4,357 employees on balance in 2007. Another 39.3% of the new staff was spread over the UK (963 employees), North and South America (1,743 employees) and the rest of Europe, the Middle East and Africa (1,000 employees). The strongest growth was in our infrastructure areas, where 4,887 employees came on board. By the end of 2007, PCAM employed 2,443 more staff members than at the end of 2006, and CIB 2,121.

Primarily due to the newly hired staff in the Asia/Pacific region, the ratio of staff members aged 24 and younger rose from 8.9% to 10.0%. However, 25 – 44 year olds continue to be the largest group of employees, representing 67.5% of the workforce. The average years of service declined slightly to 9.4 years. In 2007 we had 1,506 apprentices, 55 more than in 2006.