Deutsche Bank

Human Resources
Report 2015

Ladies and Gentlemen,

Under Strategy 2020, announced in April 2015 and detailed in October, Deutsche Bank is simplifying its business model and global footprint, realigning its business divisions, reducing complexity, investing in technology and cutting costs.

The success of Strategy 2020 will depend in part on our ability to retain, motivate, develop, and continue to attract employees with the skills and experience to help the Bank master challenges and make the most of opportunities. Investing in our employees remains of paramount importance.

This Human Resources Report provides transparency on the Bank’s employee metrics and how we are translating our strategic priorities into action. It gives examples of what we achieved in 2015 in organizational culture; diversity and inclusion; talent and development; talent acquisition; compensation and benefits; managing change; and collaboration with our social partners.

As a control function of Deutsche Bank, the role of HR has changed in recent years. More than ever, it operates in partnership with senior management and all business divisions and infrastructure functions. Key to this role has been its continued focus on bringing the Bank’s values and beliefs to life through a long-term vision for the HR function, and specific commitments underpinning that vision.

We are sincerely grateful to all employees and their representatives for their close and constructive cooperation in 2015. We were able to achieve good progress against many strategic priorities despite our challenges. Continuing that partnership will be key to implementing the significant changes announced under Strategy 2020.

Another year marked by changes across the organization lies ahead for Deutsche Bank in 2016. Enabling the Bank and its employees to achieve sustainable organizational performance remains our overarching goal.

Sincerely,

Stephan Leithner – Member of the Management Board (signature)Stephan Leithner – Member of the Management Board (signature)

Karl von Rohr
Member of the Management Board

Pippa Lambert – Global Head of Human Resources (signature)Pippa Lambert – Global Head of Human Resources (signature)

Pippa Lambert
Global Head of Human Resources

Frankfurt am Main, March 2016