Number of employees

Deutsche Bank is, and always has been, committed to ensuring that staff reductions occur in a socially responsible way and to supporting affected employees as best as possible with appropriate measures, such as workshops to help them find new employment.

Staff adjustments mainly in investment banking

In the Corporate and Investment Banking (CIB) Group Division, the business most impacted by market disruptions, staff numbers declined by 641, a far more modest decline than in 2008. The financial centres London, New York and Hong Kong were most strongly affected by these cuts.
In PCAM headcount was reduced by 1,997 full-time employees, from 32,645 in 2008 to 30,648 in 2009. Capacity adjustments were made in selected regions and markets. In particular, these included Asset and Wealth Management in the USA as well as PBC across its international footprint after a program to foster growth and efficiency was introduced in October 2008.

In our infrastructure functions which provide internal services to the entire group, headcount was reduced by 771 employees. While the number of employees in the service centres we established in India, the Philippines, in Birmingham (UK) and in Jacksonville (USA) increased by roughly 1,000, staff numbers at the other locations were reduced by around 1,800.

Average corporate tenure unchanged

The age distribution among our employees has remained almost the same compared to the previous year, as has the average corporate tenure, which was 10.1 years in 2009.Our international focus has also remained unchanged: we have locations in 72 countries and our employees come from 139 nations.

Opportunities for young talent

We maintain strong relationships with leading universities and business schools around the world, targeting selected students for our training programs and internships. We hold orientation and introduction events in London and New York in an effort to carefully structure and plan their transition into their new jobs. Regular participation in non-profit projects is also a part of the programs. In 2009, our graduate trainees collectively contributed 1,125 days.

Currently, 1,429 young people participate in our apprenticeship program in Germany. We have employed 771 university graduates world-wide.