Deutsche Bank
Human Resources Report 2017

Deutsche Bank

Human Resources Report 2017

Restructuring measures

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Restructuring measures

Amid the implementation of its strategy, Deutsche Bank had 97,535 employees as of December 31, 2017 – a decrease of 2,209 employees or 2.2% compared to a year earlier. The bank calculates its employee figures on a full-time equivalent (FTE) basis, meaning part-time employees are included accordingly.

The bank’s regions were impacted by different measures. Germany saw the largest decline in employee numbers (2,073 FTE), largely driven by the restructuring of its Private & Commercial Bank (PCB) corporate division. In Asia-Pacific, the number of employees increased due to the insourcing of business-critical external roles, particularly in IT.

Movements in each division were as follows:

  • Corporate & Investment Bank (+122; +0.7%) driven by CIB-related infrastructure functions partly related to insourcing of business-critical external roles;
  • Private & Commercial Bank (-1,584; -3.5%) driven by reductions primarily in Germany and in western European countries;
  • Deutsche Asset Management (-86; -2.2%) particularly a result of the divestment of Sal. Oppenheim in Luxembourg;
  • Non-Core Operations Unit (-116; -100.0%) has been closed;
  • Infrastructure functions (-545; -1.6%) mainly driven by reductions in most functions, partly offset by insourcing of business-critical external roles (primarily in COO) and due to strengthening of regulatory functions, predominantly Anti-Financial Crime and Audit.

FTE development by division

in k FTE

2017

2016

2015

2014

2013

Embedded external workforce (contractors and agency temps; excluding Postbank); Dec 2017: 6.5k (Dec 2016: 7.7k FTE; Dec 2015: 7.5k FTE; Dec 2014: 7.8k FTE)

Corporate & Investment Bank

17.3

17.1

17.2

16.7

16.1

Private & Commercial Bank

43.5

45.0

46.6

46.6

46.8

Deutsche Asset Management

3.8

3.9

4.0

3.6

3.7

Non-Core Operations Unit

0.1

0.1

0.0

1.2

Infrastructure

33.0

33.6

33.2

31.2

30.5

Total

97.5

99.7

101.1

98.1

98.3

Movements in each region were as follows:

  • Germany (-2,073; -4.6%) driven by the implementation of restructuring measures, primarily in PCB and infrastructure functions;
  • North America (-254; -2.4%) driven by reductions mostly in COO/GTO and Finance;
  • Latin America (-126; -33.7%) as a result of the implementation of our footprint strategy;
  • EMEA ex-Germany (-518; -2.2%) driven by reductions mainly in Italy, Poland, Luxembourg, the Netherlands and Spain;
  • Asia-Pacific (+762; +3.8%) primarily due to insourcing of business-critical external roles, mainly in COO, and due to strengthening CIB-related infrastructure functions.

Deutsche Bank has announced its intention to sell the retail business in Poland together with DB Securities S.A. by the fourth quarter of 2018. As of end of December 2017, the units had approximately 1,500 employees.

FTE development by region

in k FTE

2017

2016

2015

2014

2013

Germany

42.5

44.6

45.8

45.4

46.4

Europe (excluding Germany), Middle East and Africa

23.5

24.1

23.8

23.1

23.2

Americas

10.6

11.0

11.4

10.7

10.3

Asia-Pacific

20.9

20.1

20.1

19.0

18.4

Total

97.5

99.7

101.1

98.1

98.3

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