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Home > Milestones > Chronicle > Becoming a global player


1989: Takeover of Morgan Grenfell Group
Foundation of Lebensversicherungs-AG der Deutschen Bank and of Europäische Hypothekenbank S.A.
Majority in Banco Comercial Transatlántico S.A.
1990: Deutsche Bank begins to operate in the new federal states (the former East Germany)
Holding in Grunelius KG Privatbankiers
Representative offices in Budapest, Prague, and Warsaw
1991: All US activities merged under management holding company Deutsche Bank North America Holding Corp.
1992: Majority in Deutscher Herold insurance group
1993: Acquisition of Banco de Madrid S.A. and Banca Popolare di Lecco SpA
1994: Takeover of Sharps Pixley Group (metal trading)
General introduction of telephone banking
1995: Deutsche Bank Polska S.A. opens in Warsaw
Bank 24, a branchless bank, begins trading
1996: First banking shops in supermarkets
1997: Deutsche Bank buys a trust bank in Japan and an Australian fund-management company, Axiom.
An agency is opened in Zagreb, Croatia, and a branch set up in Calcutta, India.
The bank raises its stake in Grunelius to 100% and renames it Deutsche Bank Trust AG.
1998: Acquisition of Crédit Lyonnais Belgium
Additional Deutsche Bank Polska S.A. branches opened in Poland
Industrial holdings transferred to separate subsidiaries
Deutsche Bank announces its intention to buy Bankers Trust
1999: Completion of takeover of Bankers Trust with "closing day" on 4 June
Private-banking and business-customer sections transferred from Deutsche Bank to its direct-banking subsidiary "Bank 24", which is simultaneously renamed "Deutsche Bank 24"
2000: Deutsche Bank invests vigorously in e-commerce
Interruption of the planned merger with Dresdner Bank
2001: On October 3, trading in the Deutsche Bank share starts on the New York Stock Exchange.
In November, the three large German banks Deutsche Bank, Dresdner Bank and Commerzbank merge their mortage bank subsidiaries Eurohypo, Rheinhyp and Deutsche Hyp into Eurohypo AG to become the largest mortgage bank in Germany.
2002: Deutsche Bank concludes the purchase of the U.S. asset manager Zurich Scudder Investments from Zurich Financial Services, Zurich.
At the beginning of October, Deutsche Bank 24, Private Banking, parts of Corporate Banking, and the online broker Maxblue are combined under the umbrella of the Deutsche Bank brand name in the new corporate division "Private & Business Clients".
2003: Deutsche Bank acquires the Swiss Private Bank Rued Blass & Cie from Zurich Financial Services
Deutsche Bank is the first German bank to receive an approval to open a representative office in Saudi Arabia
Deutsche Bank Asia Foundation established to pool the bank's forces for social commitment in Asia.
2004: Deutsche Bank and United Financial Group, Moscow, agree to form a strategic partnership. As part of this agreement, Deutsche Bank acquires a 40% stake in UFG.
On November 2, Deutsche Bank opens a branch office in Beijing (representative office since 1981).
2005: Deutsche Bank becomes sole owner of Bender Securities (Istanbul).
Deutsche underlines commitment to Italy by opening a new HQ building in Milan. The building provides office space to 1,300 staff.
Following the devastating natural disaster in Asia Deutsche Bank, with donations by its staff and customers, has committed over EUR 14 million tsunami relief efforts.
2006: Henceforth the Management Board of Deutsche Bank will be headed by a Chairman of the Management Board (Chief Executive Officer), who is appointed by the Supervisory Board.
Deutsche Bank opens a branch in Dubai.
Takeovers of Berliner Bank and Norisbank.
2007: Deutsche Bank launches private & business banking in China.
2008: Deutsche Bank acqires a stake of 29.75 % in Postbank.