Deutsche Bank’s set-up includes four divisions that are well-positioned to grow:A leading European Corporate Bank based in Europe’s largest economyThe Investment Bank focussing on its traditional strengths in financing, advisory, fixed income and currencies. It continues to provide strategic advice to corporate clients including a focused equity capital markets business.The Private Bank focussing on private customers across all segments as well as business clients. It will build on its position as market leader in Germany, as a focused bank in Europe and a highly competitive wealth manager.The asset manager DWS continues to pursue its objective of becoming one of the top-10 asset managers globally by investing in growth areas and playing an active role in the consolidation of the asset management industry.

EY can help you manage the crisis and stabilize your business in the short-term. We can also help you navigate the downturn and position yourselves for the recovery or look beyond to enable your transformation through corporate strategy and transactions, M&A and divestments.Strategy and Transactions enables clients to navigate complexity by reimagining their eco-systems, reshaping their portfolios and reinventing themselves for a better future. With global connectivity and scale, we drive corporate strategy, capital allocation and transaction advisory through execution to enable fast-track value creation. We support the flow of capital across borders and help bring new products and innovation to market. In doing so, we enable our clients to build a better working world by fostering long-term value.

Our client base includes a diverse range of institutional investors, including pension funds, insurance companies, sovereign wealth funds, government funds, wealth management companies, endowments and foundations. The success of our business depends critically on our ability to help our clients succeed, and to achieve and maintain a competitive edge.Our solutions comprise:Delegated investment (Outsourced Chief Investment Officer): The team designs solutions to enable clients to delegate responsibility for implementing asset strategies, while retaining strategic control and decision making in areas where they add most value. Our solutions contain our best investment ideas, underpinned by extensive research and robust implementation. We manage over $120 billion of delegated assets around the world (as at December 2018), seeking to deliver lower risk, and/or higher returns.Funds and Strategies: We manage specialist portfolios for our clients applying an open architecture approach to alternatives, illiquid assets, credit, secure income assets and equities. We have also created a small number of pooled fund of funds which help our clients invest in capital markets and managers that may be otherwise difficult to access or might be too expensive.Advisory Investment Services: We advise on critical asset-owner responsibilities, including mission and beliefs, risk management plans, asset allocations and risk budgets, portfolio construction and selection of third-party asset managers. Our Manager Research team specializes in finding, researching and monitoring asset management firms that we believe are among the best in the world, covering a wide range of mainstream and alternative asset classes.Innovation permeates our culture. We strive to consistently and proactively bring our best and innovative ideas and opportunities to our clients, drawn from our extensive worldwide practice and our dedicated Thinking Ahead Group.

Commerzbank is a leading international commercial bank. For Private and Small Business Customers as well as Corporate Clients, the Bank offers a comprehensive portfolio of financial services. It has one of the densest branch networks among German private banks and is leading in financing for corporate clients in Germany. With its subsidiaries comdirect and Poland’s mBank it owns two of the world’s most innovative online banks. It serves its clients in all markets worldwide.