Deutsche Bank Base Case

By Larry Barrett  |  Posted 2002-09-16 Print this article Print

Is a company's biggest asset really its people? Deutsche Bank didn't act that way after it bought underwriter BT Alex. Brown.

Deutsche Bank Base Case

Headquarters: Taunusanlage 12, 60325, Frankfurt, Germany

U.S. Phone: (212) 469-7125

Business: Banking and financial services

Chief Information Officer: Mitchel Lenson

Financials in 2001: $66.8 billion in revenue, $150 million in net income

Challenge: Integration of BT Alex. Brown's information systems with its own

Baseline Goals:

  • Cut overall information technology costs by 10% per year
  • Reduce headcount by 13,000 employees by 2003
  • Improve market share of U.S. investment banking business from recent levels of 5%-6%

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    Senior Writer
    Larry, of San Carlos, Calif., was a senior writer and editor at CNet, writing analysis, breaking news and opinion stories. He was technology reporter at the San Jose Business Journal from 1996-1997. He graduated with a B.A. from San Jose State University where he was also executive editor of the daily student newspaper.

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