Deutsche Bank is made up of the following Group Divisions: Corporate & Investment Bank (CIB), Private Clients and Asset Management (PCAM) and Corporate Investments (CI).
Corporate & Investment Bank
CIB is responsible for Deutsche Bank’s capital markets business, comprising the origination, sales and trading of capital markets products including debt, equity and other securities, together with our corporate advisory, corporate lending and transaction banking businesses. Our institutional clients come from both the public sector – for example, sovereign states and international organizations – and the private sector. We serve the entire range of corporate clients, from medium-sized businesses to large multinational corporations. CIB is subdivided into two Corporate Divisions: Corporate Banking & Securities (CB&S) and Global Transaction Banking (GTB). Corporate Banking & Securities comprises our Markets and Corporate Finance businesses, and covers Deutsche Bank Group’s origination, sales and trading of securities, corporate advisory and M&A businesses worldwide, together with other corporate finance activities. Global Transaction Banking covers Deutsche Bank’s cash management for corporate and financial institutions, trade finance business as well as trust and securities services.
Private Clients and Asset Management
PCAM is made up of two Corporate Divisions: Asset and Wealth Management (AWM) and Private & Business Clients (PBC).
Asset and Wealth Management comprises the Asset Management (AM) and Private Wealth Management (PWM) Business Divisions. AM provides retail clients across the globe with mutual fund products through our DWS Investments franchise. We offer our institutional clients, including pension funds and insurance companies, a broad range of services from traditional to alternative investment products. On November 22, 2011, we announced that we would be conducting a strategic review of our global Asset Management division, as part of our successful policy of continually optimizing our business mix, especially against the background of changes in the regulatory environment and competitive landscape as well as the associated costs and prospects for growth. The review is focusing on the entire Asset Management division globally, except for our DWS franchise in Germany, the rest of Europe and Asia, which remains a core part of our retail offering in these markets. PWM serves high and ultra high net worth individuals and families as well as selected institutions. It provides these very discerning clients with a fully integrated wealth management service, including inheritance planning and philanthropic advisory services.
PBC provides a broad range of banking services including current accounts, deposits, loans, investment management and pension products, to private individuals and self-employed clients as well as small and medium-sized businesses. Outside of Germany, PBC has had longstanding operations in Italy, Spain, Belgium and Portugal and has been active in Poland for several years now. Furthermore, we are also making focused investments in the growth markets of China and India.
The Corporate Investments (CI) Group Division manages Deutsche Bank’s global principal investments, which are not part of our core business. These include our remaining industrial shareholdings, other capital investments as well as other financial investments, primarily from certain real estate investments and credit exposures.