Deutsche Bank South Africa
- With roughly € 864 billion in assets and approximately 68,000 employees,
Deutsche Bank offers its 13 million clients unparalleled financial services in
76 countries throughout the world.
- We compete to be the leading provider of financial solutions for demanding
clients, creating exceptional value for our shareholders and people. We have a
world-class platform with global resources, far-reaching industry insights and
excellent know-how.
- In South Africa, Deutsche Bank offers a full range of competitive products
and services i.e. corporate finance, equity capital markets, project finance,
global markets, global banking, foreign exchange, equities research and equities
sales, derivatives and trading. Its mission is to be the leading global provider
of financial solutions for demanding clients creating exceptional value for its
shareholders and people.
- Deutsche Bank has attained the leadership position in the SA market. It has
been rated No 1 for the past nine years in Equities (Financial Mail) and is the
No 1 Broker by Euromoney and Institutional Investor surveys. It is also ranked
No 1 Corporate Sponsor and Advisor (Ernst & Young 2006) and No 2 in corporate
bond capital raising.
- These successes are underpinned by a commitment to a set of deeply held
values and ethics and to responsible corporate citizenship. Deutsche Bank is
committed to ongoing empowerment and transformation in SA in terms of how it
interacts with previously disadvantaged individuals and groups in its key roles
as service provider and employer.
- Over the past ten years Deutsche Bank has formed an in-depth relationship
with most Government departments.
Transformation at Deutsche Bank
- Deutsche Bank has sold 25% of its local operations to Utajiri (15%) and all
black South African staff (10%)
- Uthajiri is a 100% black owned company made up of respected Black business
people and a broad-based Womens Consortium
- All black South African staff will participate in the employee trust (42% of
total staff)
- A joint Steering Committee will regulate business matters between Deutsche
Bank, Utajiri and the trust to optimise business strategy and maximise value add
- Deutsche Bank in South Africa is committed to building a sustainable
business in which all South Africans can participate
- The transformation committee, chaired by the chairman consists of elected
representative staff from all parts of the business
- A 3-year target to achieve a 50:50 Black:White ratio has been set
- In the Financial Sector Charter score card, Deutsche Bank currently scores
in the A category meaning that it is regarded as a "Black Empowered" company
Corporate Social Responsibility
- Since 1999, Deutsche Bank in South Africa has contributed approximately R33
m to community projects focussed on poverty relief, crime prevention, job
creation and education
- In 2002, the Deutsche Bank Africa Foundation was established to focus on a
few substantial projects rather than multiple small initiatives, through the use
of financial resources, active staff participation and partnering with clients
- Sponsored projects include:
- NOAH
- a 'franchising' operation that trains small groups on how to set up and run
facilities ("arks") to help care for orphans in their community
- The foundation has also chosen to support a specific ark development in
Gauteng
- Education Development Programme
- initiative that involves allocating additional needed resources in
previously disadvantaged schools
- Deutsche Bank support continues after school, bursaries will be allocated to
students to show potential to achieve higher levels of education
- Foundation has adopted two schools in Thembisa (Sasisebenze Comprehensive
School and Zitikeni Secondary School) and is partnering with the National
Business Intiative to implement the programme
- Deutsche Bank views the Foundation as critical to its commitment to South
Africa, as well as providing an opportunity for its staff to utilise their
skills and talents beyond the boundaries of the bank.
www.db.co.za
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