Deutsche Bank

Human Resources
Report 2015

Deutsche Bank Group’s key staff figures

In 2015, the number of staff employed on a full-time equivalent (FTE) basis by Deutsche Bank Group increased by 2,966 to 101,104. Excluding businesses acquired and sold, the number of staff increased by 3,175.

FTE development by division

In k FTE

2015

2014

2013

2012

2011

Embedded external workforce (contractors and agency temps; excluding Postbank) Dec 2015: 7.5k FTE (Dec 2014: 7.8k FTE)

Corporate Banking & Securities

8.0

8.2

8.4

8.5

9.9

Global Transaction Banking

4.3

4.1

4.1

4.3

4.3

Deutsche Asset & Wealth Management

6.2

6.0

6.1

6.5

7.0

Private & Business Clients

37.8

38.1

37.9

37.9

38.9

Non-Core Operations Unit

0.2

0.3

1.5

1.6

2.0

Infrastructure/Regional Management

44.7

41.5

40.2

39.4

38.9

Total

101.1

98.1

98.3

98.2

101.0

In Corporate Banking & Securities (CB&S), the number of staff decreased by 245, primarily due to adjustments related to market developments. In Global Transaction Banking (GTB), the number of employees increased by 143, mostly driven by the development in Institutional Cash & Securities Services. The number of staff in Deutsche Asset & Wealth Management (Deutsche AWM) increased by 157, due in particular to developments in the UK and the U.S. Total staff in Private & Business Clients (PBC) decreased by 265, driven by reductions primarily in Germany and Italy. In the Non-Core Operations Unit (NCOU), the number of employees decreased by 58, largely due to CB&S-related non-core operations.

In the infrastructure functions, staff numbers increased by 3,234, mainly due to the further build-out of our captive operating platforms and to the strengthening of control functions, such as Compliance, Risk and Audit.

FTE development by region

In k FTE

2015

2014

2013

2012

2011

In 2014, the employees of Mauritius previously shown in Africa were assigned to Asia-Pacific; numbers for previous years have been reclassified to reflect this.

Germany

45.8

45.4

46.5

46.3

47.3

Europe (excluding Germany), Middle East and Africa

23.8

23.1

23.1

23.8

24.1

Americas

11.4

10.7

10.3

10.3

11.1

Asia-Pacific

20.1

19.0

18.4

17.8

18.5

Total

101.1

98.1

98.3

98.2

101.0

Female staff

Based upon global corporate titles, in FTE

2015

2014

2013

2012

2011

Sal. Oppenheim integrated in 2015; excluding legal entities outside of Deutsche Bank's corporate title system: primarily Postbank, DB Investment Services and BHF (sold in 2014)

Female Managing Directors and Directors

1,921

1,789

1,724

1,702

1,680

Share in %

20.5%

19.4%

18.7%

18.0%

17.1%

Female officers

15,916

14,415

13,777

13,627

13,150

Share in %

32.5%

31.7%

31.1%

30.8%

29.7%

Female non-officers

18,247

18,294

18,664

18,845

19,833

Share in %

55.5%

55.4%

55.8%

56.0%

55.6%

Total female staff

34,162

32,709

32,441

32,472

32,983

Share in %

41.7%

41.7%

41.7%

41.7%

41.2%

The number of female Managing Directors and Directors has increased by approximately 240 (+14%) since 2011, with about 130 in 2015 primarily driven by promotions. The number of female officers has grown by approximately 2,800 (+21%) since 2011, with about 1,500 in 2015 driven by promotions and net hires. The total share of women as a percentage of total employees (excluding primarily Postbank) remained stable at 42%.

Length of company service

In %, headcount

2015

2014

2013

2012

2011

Up to 4 years

34.8%

33.8%

33.2%

34.9%

37.8%

5 – 14 years

27.5%

29.3%

30.7%

30.0%

28.0%

More than 14 years

37.7%

36.9%

36.1%

35.1%

34.2%

Average length of company service by region

In years, headcount

2015

2014

2013

2012

2011

Germany

18.5

18.4

18.1

17.6

17.4

Europe (excluding Germany), Middle East and Africa

10.0

10.2

10.3

9.8

9.6

Americas

7.5

7.8

7.9

7.8

7.3

Asia-Pacific

4.8

4.8

4.7

4.5

4.0

Total

12.9

13.1

13.0

12.7

12.4

Workforce by contract

In FTE

2015

2014

2013

2012

2011

Excluding Postbank

%-share of permanent work contracts

97.8%

97.7%

98.3%

98.4%

97.7%

%-share of temporary work contracts

2.2%

2.3%

1.7%

1.6%

2.3%

%-share of permanent work contracts for hires

92.5%

91.9%

93.9%

89.7%

86.4%

%-share of temporary work contracts for hires

7.5%

8.1%

6.1%

10.3%

13.6%

Staff structure by major job categories
Staff structure by major job categories (bar chart)Staff structure by major job categories (bar chart)
Voluntary staff turnover rate
Voluntary staff turnover rate (bar chart)Voluntary staff turnover rate (bar chart)
Voluntary staff turnover rate by region
Voluntary staff turnover rate by region (bar chart)Voluntary staff turnover rate by region (bar chart)

Workforce costs and revenues

 

2015

2014

2013

2012

2011

1

Compensation ratio: compensation and benefits as a percentage of total net revenues

2

Total noninterest expenses

3

State mandated benefit costs and non-state mandated pension and retirement savings and health and welfare

Compensation and benefits (in € million)

13,293

12,512

12,329

13,490

13,135

Compensation ratio1

39.7%

39.2%

38.6%

40.0%

39.5%

Ø Compensation and benefits per Ø FTE in period (in € thousand)

133.7

128.1

125.8

134.4

129.0

Share of compensation and benefits in % of total expenses2

34.4%

45.2%

43.4%

43.2%

50.5%

Staff-related costs: benefits (in € million)3

1,979

1,871

1,734

1,884

1,738

Ø Benefits per FTE in period in (in € thousand)

19.9

19.2

17.7

18.8

17.1

Total net revenues (in € million)

33,525

31,949

31,915

33,736

33,228

Ø Revenues per Ø FTE in period (in € thousand)

337.2

327.0

325.7

336.1

326.3

Civil servants of Postbank in Germany

In FTE, Postbank acquired in 2010

2015

2014

2013

2012

2011

*

Civil servants whose status as such is currently suspended. They have temporarily switched to an employment relationship not covered by collective agreements.

Active civil servants

4,786

4,972

5,389

5,734

6,137

Civil servants on temporary leave from civil servant status*

453

490

434

512

522

Civil servants at affiliated companies

932

928

1,038

1,047

1,099

Total

6,171

6,390

6,861

7,293

7,758

Share of civil servants in Postbank Germany in %

33.3%

34.4%

38.1%

39.9%

41.8%

Share of civil servants in Germany in %

13.5%

14.1%

14.8%

15.7%

16.4%