2012 was marked by changes in the bank’s senior management. With effect from June 1, 2012, Jürgen Fitschen and Anshu Jain were appointed Co-Chairmen of the Management Board and the Group Executive Committee (GEC).
The prime responsibilities of the Management Board of Deutsche Bank AG include the Group’s strategic management, resource allocation, financial accounting and reporting, risk management and corporate control. The Management Board is supported in the performance of its leadership and oversight duties by central infrastructure units and other service departments, as well as functional and regional committees chaired by its members.
The GEC comprises the members of the Management Board and senior representatives from the regions, corporate divisions and certain infrastructure functions.
The GEC serves as a tool to coordinate the businesses and regions. It has, as its prime tasks and responsibilities, the provision of ongoing information to the Management Board on business developments and particular transactions, the regular review of business segments, consultation with and the furnishing of advice to the Management Board on strategic decisions and the preparation of decisions to be made by the Management Board.