DEUTSCHE BANK AKTIENGESELLSCHAFT Business Summary

Deutsche Bank AG operates as a global universal bank, generating revenue through a diversified mix of net interest income, transaction fees, advisory commissions, and trading gains. Its business is structured into four primary segments: the Corporate Bank, providing risk management and payment solutions; the Investment Bank, focusing on fixed income, currencies, and capital markets; the Private Bank, serving retail and wealth management clients; and Asset Management, primarily through its majority stake in DWS. Under its "Global Hausbank" strategy, the firm has pivoted toward more stable, capital-light fee income while maintaining a dominant position in European debt markets. It competes directly with global peers such as BNP Paribas, Barclays, and HSBC, positioning itself as Germany’s largest lender and a leading European intermediary in international finance. Founded in 1870 by Adelbert Delbrück and Ludwig Bamberger to facilitate German foreign trade, the bank is currently led by Chief Executive Officer Christian Sewing, a Deutsche Bank veteran since 1989 whose contract extends through 2029. The leadership team is currently navigating a key transition as Raja Akram, formerly the Deputy CFO of Morgan Stanley and a veteran of Citigroup, assumes the role of Chief Financial Officer in March 2026, succeeding James von Moltke. Other critical executives include Bernd Leukert, the Chief Technology, Data and Innovation Officer and former SAP board member, and Fabrizio Campelli, who heads the Corporate and Investment Bank. The Supervisory Board is chaired by Alexander Wynaendts, while major institutional shareholders include BlackRock, the Vanguard Group, and Qatari sovereign investment vehicles Paramount Service Holding and Supreme Universal Holdings.