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SEC Form 20-F - Deutsche Bank Annual Report 2012

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<strong>Deutsche</strong> <strong>Bank</strong> Notes to the Consolidated Financial Statements F-67<br />

<strong>Annual</strong> <strong>Report</strong> <strong>20</strong>10 on <strong>Form</strong> <strong>20</strong>-F 05 – Business Segments and Related Information<br />

Also included in these dispositions completed in <strong>20</strong>10 were several divestitures in which the Group retained<br />

noncontrolling interests in the former subsidiaries. None of these disposal transactions were individually significant.<br />

The interests retained in the former subsidiaries were recognized initially at fair value as of the date when control<br />

was lost, on which date these interests were subsequently accounted for under the equity method. The resulting<br />

net gain recognized on these divestitures totaled € 15 million and is included in other income. Of that net gain,<br />

€ 5 million are related to the remeasurement to fair value of the interests retained in these former subsidiaries.<br />

05 –<br />

Business Segments and Related Information<br />

The following segment information has been prepared in accordance with the “management approach”, which<br />

requires presentation of the segments on the basis of the internal reports about components of the entity which<br />

are regularly reviewed by the chief operating decision-maker in order to allocate resources to a segment and to<br />

assess its performance.<br />

Business Segments<br />

The following business segments represent the Group’s organizational structure as reflected in its internal<br />

management reporting systems.<br />

The Group is organized into three group divisions, which are further subdivided into corporate divisions. As of<br />

December 31, <strong>20</strong>10, the group divisions and corporate divisions were as follows:<br />

The Corporate & Investment <strong>Bank</strong> (CIB), which combines the Group’s corporate banking and securities activities<br />

(including sales and trading and corporate finance activities) with the Group’s transaction banking activities.<br />

CIB serves corporate and institutional clients, ranging from medium-sized enterprises to multinational corporations,<br />

banks and sovereign organizations. Within CIB, the Group manages these activities in two global Corporate<br />

Divisions: Corporate <strong>Bank</strong>ing & Securities (CB&S) and Global Transaction <strong>Bank</strong>ing (GTB).<br />

— CB&S is made up of the Markets and Corporate Finance business divisions. These businesses offer<br />

financial products worldwide, ranging from the underwriting of stocks and bonds to the tailoring of structured<br />

solutions for complex financial requirements.<br />

— GTB is primarily engaged in the gathering, transferring, safeguarding and controlling of assets for its clients<br />

throughout the world. It provides processing, fiduciary and trust services to corporations, financial institutions<br />

and governments and their agencies.

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