1. Learning for the Future The Future of Learning DB University – Deutsche Bank’s Transition Vehicle Wolfgang Rautenberg Head of Learning & Development worldwide April 4 th, 2001

2. HR Learning & Development world wide · Page 1 Agenda Deutsche Bank – A Corporation in Change Knowledge and Change Change in Organizational Structure Self-Responsibility (Me-Corp.) as a Core Competency DB University Conclusion

3. HR Learning & Development world wide · Page 2 The Reorganization of Deutsche Bank 1990Shift from regional to divisional structure –customer segment/product-tilted matrix 1996Revision of senior management structure –divisional boards created with worldwide operational responsibility –Group Board to concentrate on strategy Reorganization of German branch network –8 new regions, 21 regional head branches 1998Restructuring –Five Divisions: P, CORE, GCI, AM, GTS –Corporate Center 1998/1999Reorganization of P division: Deutsche Bank 24 1999Integration of Bankers Trust and CL Belgium 2000global projects and organization 2001New Structure –Two business lines: CIB, PCAM

4. HR Learning & Development world wide · Page 3 New Management structure with clear responsibilities Corporate Investments Breuer (Chairman) DB Services Corporate and Investment Bank Ackermann (Chairman) CIB Global Technology Sales and Trading Corporate Finance Transaction Banking Ackermannv. Boehm-Bezing Private Clients and Asset Management Breuer (Chairman) PCAM Global Technology Personal Banking Private Banking Asset Management Lambertiv. HeydebreckPhilipp Corporate Center BreuerBörsigFischervon HeydebreckLamberti (Speaker)(CFO)(CRO/COO)(CHRO)(CIO) Vorstand

5. HR Learning & Development world wide · Page 4 Global presence – global staff Year 2000 Americas Staff: 16,516 (17%) Germany Staff: 50,630 (52%) Europe and Africa Staff: 24,086 (25%) Asia/Pacific Staff: 7,078 (7%) TOTAL Staff: 98,310

6. HR Learning & Development world wide · Page 5 Expenditure for Training and further Education 1997–2000 199719981999 184,1 201,5 222,4 4,1 4,2 2,8 Expenditure Related to wages and saleries in % In EURO million Group 2000 237,2

7. HR Learning & Development world wide · Page 6 The Future of Learning – Learning for the Future Virtual Campus Corporate and Investment Bank Sales and Trading Corporate Finance Transaction Banking Private Clients and Asset Management Personal Banking Private Banking Asset Management Finance & Commerce DB University Management Development / Leadership School IT / IBC