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MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Bank AG    DBK   DE0005140008

DEUTSCHE BANK AG

(DBK)
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Deutsche Bank : Neal Pawar Joins Deutsche Bank as Group Chief Information Officer

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07/15/2019 | 08:10am EDT

Deutsche Bank hired Neal Pawar as Group Chief Information Officer, effective early September. He will be based in New York and report into Bernd Leukert. Pawar will also join the Group Management Committee.

Pawar joins from AQR Capital, the investment management firm, where he was most recently a Principal and Chief Technology Officer. Prior to AQR, Pawar was Managing Director and Chief Information Officer for UBS Wealth Management in Zurich, and a partner responsible for technology at the New York based quantitative firm D.E. Shaw & Co.

'In our recent strategy update we identified technology as a cornerstone for success,' said Frank Kuhnke, Group Chief Operating Officer. 'Someone of Neal's calibre and experience deciding to join Deutsche Bank further strengthens our capabilities as we modernise and simplify our technology for the benefit of our clients. Having announced Bernd Leukert as our future Management Board Member responsible for Technology, Data and Innovation, Neal represents another key hire who will complement the experts we have at the bank.'

Al Tarasiuk, the current Group Chief Information Officer, will become a senior strategic advisor to Bernd Leukert. Tarasiuk joined Deutsche Bank in 2015 and prior to becoming Group Chief Information Officer held the positions of Chief Information Security Officer and Chief Security Officer.

'I would like to thank Al for his strong personal and expert leadership in defining and executing our technology journey,' said Frank Kuhnke. 'He has revamped our Information Security framework and has been vital in implementing our cloud and data centre strategy. We look forward to benefitting from his expertise in his new role of senior strategic advisor.'

Deutsche Bank continues to invest in making its technology more effective and efficient. Earlier this year, the bank deployed its first in-house application in the public cloud and was awarded a Red Hat Innovation Award for its industry-leading Fabric platform.

For further information please contact:

Deutsche Bank AG
Media Relations

Frankfurt am Main
Sebastian Krämer-Bach
Phone: +49 69 / 910 43330
Email: sebastian.kraemer-bach@db.com

London
Senthuran Shanmugasivam
Phone: +44(20)754-72838
Email: senthuran.shanmugasivam@db.com

Disclaimer

Deutsche Bank AG published this content on 15 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2019 12:09:09 UTC

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Financials (EUR)
Sales 2019 23 756 M
EBIT 2019 -1 297 M
Net income 2019 -5 289 M
Finance 2019 10 342 M
Yield 2019 -
P/E ratio 2019 -2,73x
P/E ratio 2020 37,4x
EV / Sales2019 0,13x
EV / Sales2020 -0,37x
Capitalization 13 362 M
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Mean consensus UNDERPERFORM
Number of Analysts 27
Average target price 6,60  €
Last Close Price 6,49  €
Spread / Highest target 38,8%
Spread / Average Target 1,85%
Spread / Lowest Target -38,3%
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NameTitle
Christian Sewing Chief Executive Officer
Karl von Rohr Co-President & Chief Administrative Officer
Garth Ritchie Co-President & Co-Head-Corporate & Investment Bank
Paul Achleitner Chairman-Supervisory Board
Frank Kuhnke Chief Operating Officer & Member-Management Board
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