Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 195

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 195
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 corporate and institutional clients of the bank’s segments and is further detailed below in “Deutsche Bank’s organizational model”. In addition, partnerships such as joint ventures, fintech cooperations, cross-industry alliances and distribution channels, as well as resources and the financing, geographical, geopolitical and regulatory environments have an impact on the entire value chain in which the bank operates. Intangible resources The most important intangible resources for Deutsche Bank 's business model from an economic point of view are its customer relationships and its workforce. Other important intangible resources are the bank 's brand name and its data and software. If required under IFRS, some of these important intangible resources are recognized in the balance sheet as described in the financial statements. Deutsche Bank’s organizational model As of December 31, 2024, the bank was organized into the following segments: – Corporate Bank – Investment Bank – Private Bank – Asset Management – Corporate & Other Deutsche Bank has a country and regional organizational layer to facilitate a consistent implementation of global strategies. The bank has operations or dealings with existing and potential customers in most countries in the world. These operations and dealings include working through: – Subsidiaries and branches – Representative offices – One or more representatives assigned to serve customers Capital expenditures or divestitures related to the divisions are included in the respective corporate division overview.

| 9 |

| Deutsche Bank      |
| Annual Report 2024 |

Management Structure The Management Board has structured the Group as a matrix organization, comprising business segments and infrastructure functions operating in legal entities and branches across geographic locations. The Management Board is responsible for the management of the company in accordance with the law, the Articles of Association and the Terms of Reference for the Management Board with the objective of creating sustainable value in the interests of the company. It considers the interests of shareholders, employees and other company-related stakeholders. The Management Board manages Deutsche Bank Group in accordance with uniform guidelines; it exercises general control over all entities and branches. The Management Board decides on all matters prescribed by law and the Articles of Association and ensures compliance with the legal requirements and internal guidelines (compliance) and also takes the necessary measures to ensure that adequate internal guidelines are developed and implemented. The Management Board's responsibilities include the bank’s strategic management and direction, the allocation of resources, financial accounting and reporting, control and risk management, as well as corporate control and a properly functioning business organization. The members of the Management Board are collectively responsible for managing the bank’s business. The allocation of functional responsibilities to the individual members of the Management