Deutsche Bank's Plans for a Post-Brexit Landscape

The transcript discusses the potential impact of Brexit on banking operations, focusing on employment distribution between front and back offices in the UK, and Deutsche Bank's plans to manage assets by setting up a booking center in Frankfurt. It highlights Frankfurt's growing role as an EU hub for banks like Morgan Stanley and Standard Chartered. The sensitivity of banking strategies to Brexit developments is emphasized, with banks maintaining flexibility in their plans to adapt to changes in passporting and clearing regulations.

What is the potential distribution of Deutsche Bank's workforce in the UK post-Brexit?

• 3000 in the front office, 1000 in the back office

• 2500 in the front office, 1500 in the back office

• 2000 in the front office, 2000 in the back office

• 1500 in the front office, 2500 in the back office

What is Deutsche Bank's strategy to address the passporting issue?

• Move all assets to New York

• Set up a booking center in Frankfurt

• Establish a new office in Paris

• Relocate all operations to London

Which city has become a popular EU hub for banks post-Brexit?

• Paris

• Dublin

• Amsterdam

• Frankfurt

How long is the transition period for Deutsche Bank's strategy implementation?

• 18 months

• 24 months

• 6 months

• 12 months

What is a key factor influencing banks' Brexit strategies?

• The number of employees in the UK

• The outcome of Brexit negotiations

• The weather in the UK

• The cost of living in Frankfurt