Company Results and Future Expectations: Deutsche Bank - Research Paper Example

The other aim of forming Deustche bank was to facilitate effective international and foreign trade between Germany and the rest of the world and to engage in the banking business of almost all kinds (Jones, 1994). At the time of this bank’s formation, Germans foreign trade was as well on the rise. The bankers in Germany also became open minded and welcomed any innovative idea which helped propel the growth of the banking industry (Jones, 1994). The bank also made history as the last bank to be issued with the banking license at that state of events and its license stressed much on foreign trade as Germany extended its wings to trade with the rest of the world (Jones, 1994).

Up to this moment, the bank has had a very wide coverage throughout the world, its expansion strategy started locally with Bremen and Hamburg in the year1871 and 72. It then spread to the Far East and established a branch in Shangai China and later in London UK. The bank also has major branches in North and South America in cities like New York with financial centers in major financial centers of the world; New York, Dubai, Tokyo, Singapore, Mumbai and others. With over 75 branches around the world spreading majorly in European countries, Asia and to an extent the emerging markets, the bank is the best employer with over 120,000 employees worldwide (Jones, 1994).

Deustche bank as a modern bank brags to be the largest dealer in the Forex market holding a market share of around 22% of the total market share. It is listed both in Frankfurt Stock market (FWD) and in the New York Stock Exchange (NYSE) market. Its penetrative tool in the foreign countries included investment projects in such countries like railroad projects in the USA (Limited, 2008). It extends its services to the corporate, institutions and even individual business investors by offering them a range of its financial products and services.

The services and products offered by the bank ranges from transacting mergers and acquisition between companies, offers lucrative risk management programs and plans through financial derivatives. It also provides both wealth and funds management for interested individuals and many other products (Lhabitant, 2006). The bank’s strength also lies in its structure of management, which is definite, exact, and precise. The structure is well planned and executed; it flows right from the Chief Executive Officer right to the supervisory board.

From which we go directly to the managers of various branches abroad who report directly to the head office in Frankfurt (Johnston, 2000). The current CEO since 2002 is Josef Ackermann who is of the Swiss origin and a banker by profession. Upon the provision of the joint board system as prescribed by the law for the German stock corporation, the bank welcomed Ackermann’s acceptance to head the bank for the next three years until 2013 and would allow it business to be headed by two CEO’s in line with the new regulations from when the current CEO retires.

This is gain in line with the fears that the bank has of it dropping most of its Germans operation and even start engaging in even more risky business ventures (Davis, 2009). The current position of Deustche bank in the industry is that it is the best in terms of expansion growth, operations and management policies, corporate governance as well as provision of products and services. This is contributed to a lot by the strong foundation upon which it is based and exemplary,