Deutsche Bank Corporate Citizenship update Americas Fall/Winter 2014

Inside Social Investments Women lead the way in microfi nance Diversity Twenty years of Women on Wall Street® Briefi ng Inspiring the next generation of women leaders Passionate about… Creating opportunity Social Investments | Education3D | Art & Music | Employee Engagement Social Investments Leading the way

Wangechi Mutu, one of the artists featured in the exhibition Herland at Deutsche Bank’s 60 Wall Gallery (see page 8) Photograph: Chris Sanders ©Wangechi Mutu Next level From the arts to social change, women are offering new perspectives and leading the way in creating a more inclusive and vibrant society

Over the past 20 years, women have achieved Though governments have made signifi cant Promoting female leadership is central to is the cornerstone of microfi nance, which dramatic improvements in economic, positive commitments to women’s rights, the bank’s diversity agenda. This year marks relies on women as more reliable borrowers political and social status. Through politics, opportunities and leadership, roadblocks to the twentieth anniversary of the infl uential who invest their earnings back into their civic engagement, economic advancement greater achievement and attainment remain Women on Wall Street® conference, which puts businesses, families and communities. and educational attainment, women in place. The Institute for Women’s Policy the advancement of women in the spotlight. Similarly, Deutsche Bank has been are participating more and exerting Research estimates that it could take until Through its social investments, Deutsche committed to the nonprofi t sector and greater infl uence. 2056 to reach pay parity in the US, which is provides fi nancing to institutions and projects its leaders. Over several decades, Women run countries. Angela Merkel when women starting their careers today that improve the lives of women in the US women have increasingly shown their has been Chancellor of Germany since 2005, will be ready for retirement. Globally, 24% and worldwide. It advances educational capacity and willingness to drive change and Argentina, Brazil and Chile all have of senior management positions are fi lled opportunities for girls, and is a champion as leaders in aff ordable housing, education, female presidents. Christine Lagarde was the by women. Fewer than 5% of CEOs in the of women’s voices in the arts. the environment and other areas that aff ect fi rst female fi nance minister of a major global US are female (Catalyst, 2014). “The corporate sector can, and must, the lives of the underserved. In the US, economy and now holds one of the most be an agent of change for women in the women comprise 75% of the nonprofi t important positions in global fi nance as Agents of change workforce globally. We are proud that we workforce, fi ll nearly half the nonprofi t the head of the IMF. Janet Yellen is the fi rst Women are taking it upon themselves are able to fi ll societal voids and support a leadership roles and comprise 65% of female chair of the US Federal Reserve. to disrupt the status quo. As they work to breadth of activities on behalf of women,” leadership in social entrepreneurship. These examples of female leadership are accelerate improvements to the conditions says Keri Matthews, Deputy Global Head The third sector has fully embraced women’s a sign of progress, yet the global picture tells women face, they are empowering both of Diversity & Inclusion at Deutsche Bank. talents and infl uence, and is fostering a more a less encouraging story. According to the themselves and their communities. The pioneering role Deutsche Bank has gender-equal world. However, economic, United Nations, women perform most of the Deutsche Bank has made clear its played in microfi nance is an example of its political and social equality will only be world’s work (66%). They produce half determination to be an agent for the involvement in community development achieved if government, public and private of the world’s food. But they earn 10% of empowerment of women, and to harness around the globe in support of women’s sectors together keep pushing it forward. the income and own just 1% of the property. women’s talent and leadership both empowerment and well-being. Making The barriers have to come down. Removing Markets still do not work for all women. within its walls and in service to society. markets work to the advantage of women them will benefi t everyone. .

Published by Discover more Get in touch Deutsche Bank AG For more information on our Ask questions, tell us what 60 Wall Street responsibility activities in the you think, fi nd out more: New York NY 10005 US and around the world, visit: [email protected]

db.com/us db.com/usa/responsibility db.com/responsibility

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Opinion International Gary Hattem Doing the math STEM sell In the UK, a Deutsche Bank employee is on a mission to promote STEM careers to women Lighting a fire More than two decades ago, a group of women at Deutsche Bank began a conversation on the status of women in fi nancial services. That initial spark grew to be an industry-wide forum known as Women on Wall Street®. For 20 years now, themes of global consequence have been tackled by some of the world’s most prominent leaders, inspiring an entire generation of women.

This issue of 3D refl ects on the transformative role women have played in advancing social, economic and environmental progress in the Americas and throughout the world.

Deutsche Bank Americas Foundation has the privileged opportunity to work closely with these STEMettes founder, Deutsche Bank employee Anne-Marie Imafi don Photograph: John Wildgoose groundbreaking women in areas from microfi nance to housing to the arts. In education, the bank’s Globally, STEM (science, technology, commitment to encouraging success among engineering and math) skills are in demand Missing out girls comes through Born to Be, our global youth as economies become more knowledge- based. STEM disciplines are crucial to the Women make up just 13% of the engagement program that aims to unlock the innovation needed to fi nd solutions to the UK’s STEM workforce (WISE, 2012) potential of the next generation. challenges of our era, among them population growth, urbanization and pressure on natural resources. Women are the instigators, leaders, funders and STEM jobs pay higher wages. In the US, Georgetown University found that graduates brains behind much of the progress made by the with bachelor’s degrees in STEM subjects 13% nonprofi t sector we increasingly rely on to advance commanded higher salaries than those with advanced degrees in other subjects greatest ideas on ways to address large social innovative solutions to global challenges. In an era (Georgetown University Center for Education issues begin with one impassioned individual. when silos are being dismantled and collaboration and the Workforce, 2011). Noting that if girls can’t see women So you would think that STEM would be working in STEM jobs, they are less likely to becomes essential, women are at the fore of new at the top of the career choices for women. consider STEM as a career choice, Anne-Marie approaches to problem solving. Which makes it all the more puzzling that runs events that enable girls as young as women with STEM backgrounds are seven to meet STEM professionals. She says, choosing to work in other fi elds. “When they discover how creative they I came of age as a community activist under the Just 13% of the UK’s STEM workforce is can be, the girls are blown away by the female. And this is not a blip. As in the US, possibilities off ered by STEM careers.” tutelage of an incredible generation of women where less than 25% of STEM jobs are fi lled As Anne-Marie can attest, banking is who took full responsibility for not ceding their by women (US Department of Commerce, one of many possible destinations for STEM 2009), it’s a long-term trend and one that’s graduates. Deutsche Bank has teamed up communities to devastation and abandonment contributing to a skills gap that could aff ect with STEMettes to create a pathway into the during the urban crises of the 1970s. Instinctively, the growth of the economy. The UK needs industry for future female STEM graduates. more scientists, engineers and technologists, The Student to STEMette mentoring they rose up to protect their buildings, blocks and but nearly half of all employers say they have program demonstrates the bank’s neighborhoods, and grew to infl uence major diffi culty recruiting STEM-skilled staff . commitments to recruiting STEM talent, One woman who didn’t forgo STEM is improving gender diversity within the reforms in public policy. Anne-Marie Imafi don, who works in Group banking industry and the goal of its Born Technology & Operations for Deutsche Bank to Be education program, which helps young in London. “Technology fascinates me. people reach their full potential by developing In this issue, we profi le these early pioneers and From an early age, I’ve enjoyed solving skills, confi dence and aspirations. a new generation of women leaders whose work problems. It gave me a lot of joy when I Student to STEMette pairs women working realized this could be my job,” she says. in STEM roles at Deutsche Bank with high is improving the lives of women and communities; school students studying STEM subjects. inspiring a more just, diverse and dynamic society. Creating a pathway Their mentors help the girls explore the wide Anne-Marie is the founder of STEMettes, variety of STEM-related careers that banking an organization with a mission to promote can off er. Five of the students are selected Gary Hattem STEM careers to girls. “Girls who study STEM to attend the Grace Hopper Celebration of President, Deutsche Bank Americas Foundation subjects at school and female graduates Women in Computing conference in the US. Managing Director, Global Social Finance are leaving the STEM pipeline because not Deutsche Bank is also supporting the enough is being done to encourage them. national “Your Life” campaign in the UK, So I decided to make it my responsibility,” which aims to increase the number of female she explains. students taking STEM subjects in high school Anne-Marie’s commitment to seeing by 50% by 2017. . Green credentials Printed on paper comprising 100% de-inked more women in the STEM fi eld, and her work post consumer waste that is manufactured with 100% renewable electricity. to make it happen, shows that some of the stemettes.org This publication is climate neutral.

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Discover more Deutsche Bank and microfi nance

Social Investments Multiplier effect Trailblazers Since 1997, Deutsche Bank’s Global Social Finance Group has facilitated over 2.5 million loans to women entrepreneurs supporting their families Building a and communities through their own businesses. Here, we profile three new economy in Tajikistan women who have pioneered the democratization of credit while building IMON International is helping durable and sustainable institutions in the most challenging environments women in Tajikistan defi ne new roles as entrepreneurs.

Small businesses supported 33,000 Supporting family life in Uganda

FINCA Uganda targets Changing women as they use their loans to support the the panorama whole family. in Bolivia Benefi t to families from FIE’s lending has brought women’s borrowing greater equality and mobility to the most disadvantaged in Bolivian society. 100 % Total lending to low-income clients $2.2bn

Pilar Ramirez Mamie Kalonda Sanavbar Sharipova Chair, CONFIE Holding COO, FINCA Uganda CEO, IMON International

Pilar Ramirez is one of the pioneers of microfi nance in FINCA Uganda is the country’s fi rst regulated, deposit-taking As cofounder of microfi nance institution IMON International, Latin America. In 1985 she launched FIE, Bolivia’s fi rst microfi nance institution. In Uganda, most of the population Sanavbar Sharipova introduced microfi nance to Tajikistan. microfi nance institution, which has since lent more than does not have access to mainstream fi nancial services. With more than 33,000 clients, IMON is the country’s $2.2 billion to low-income clients. She then played a leading FINCA enables those on low incomes to borrow and save largest lender. It has lent more than $72 million to date. role in creating CONFIE Holding, which links equity funds so they can increase their income and build better lives for Microfi nance has helped a new Tajikistan emerge from with microfi nance know-how, to strengthen local economic their families. It has 140,000 clients. The average loan size its past. Following the breakup of the Soviet Union at the development initiatives. is $300. beginning of the 1990s, Tajikistan had to completely rebuild. The journey that led Pilar to microfi nance began with a COO Mamie Kalonda has spent her entire career with People who had worked for the state became unemployed. passion for social justice as a student in the late 1960s. the company. She joined FINCA from university, where she Sanavbar, a former economist, was among them. “I wanted to improve the lives of the poor and achieve studied economics. “Working in microfi nance was not part While teaching high school, she educated herself about greater equality for women in Bolivia,” she recalls. of my career plan. I expected to work in a big offi ce or bank. the workings of fi nancial markets and market economies. Pilar realized that fi nance could be a way to instigate social When I saw the eff ects that FINCA’s loans have on the lives In 1995 she set up the nonprofi t National Association of change when she learned about the impact of microcredit, of our customers, it opened my eyes to the importance of Business Women of Tajikistan, to help women take advantage as a graduate student at Harvard. She says, “Without access microfi nance. I decided to make microfi nance my priority,” of the opportunities available to them in this new environment. to money of their own, equality for women is an illusion. she says. In 1999, in partnership with US international development Microcredit provided the answer to my search for an FINCA is known for its focus on women. Its activities are agency Mercy Corps, Sanavbar created IMON to bring instrument that could give women fi nancial independence.” helping to redress the historical marginalization of women microfi nance to Tajikistan. “We began by enabling women The original idea was for FIE to provide microcredits in Ugandan society. Women have “no privileges” in Uganda, to buy wheat fl our and sell it for a profi t. It was a very exciting to women only. “Our impetus was to empower women,” Mamie explains, as the local social structures and customs moment. Now, a woman could earn money for herself,” she says. “But we saw that men were just as excluded and the law all favor men. she says. Since then, IMON has provided a growing from access to fi nance, so we decided that our mission The mistreatment of wives by their husbands is common. range of loans to help women start and grow businesses, would be to empower families.” As an example of women’s lack of status within marriage, lease equipment and access education and training. Other institutions soon followed in FIE’s footsteps, if a woman is widowed, her husband’s family will claim his The economic empowerment of women is being felt assisted by supportive government policy. Many of these property, leaving the woman with nothing. in society. “Tajikistan society is very traditional. Historically, new lenders were also started by women. “There were few Thanks to microfi nance, women are gaining more women have been expected to stay at home. They’ve had economists among us. Our backgrounds were in political autonomy. FINCA targets the women who need the most no money, no assets, no control. Microfi nance is changing and social activism. We had grown up believing in women’s support: the working mothers, unmarried mothers and those attitudes. Women’s economic activity and infl uence liberation. It was time to bring an end to women being widows. “We tell these women that they do not need to are becoming accepted,” Sanavbar explains. treated as second-class citizens,” Pilar explains. depend on a man because FINCA will be their husband,” IMON is spreading the word to encourage more women She stresses how microfi nance empowers generations, says Mamie. to participate in the economy. Its development agenda by enabling families to send their children to better schools FINCA’s experience supports the perception within the includes conferences, workshops and training sessions for and universities, and advances equality, by creating expectations industry that women are good customers. “The integrity fi rst-time borrowers. It also sponsors a national award for of economic independence for daughters as well as sons. level of female borrowers is very high,” confi rms Mamie. female entrepreneurs. “We want to raise public awareness As FIE looks forward to celebrating 30 years in the ”They are honest and reliable when it comes to repayment.” of women’s achievements,” says Sanavbar. “It’s important to microfi nance business, Pilar points to the progress she’s seen Another reason to lend is provided by how women use hear women’s voices. When women learn what other women in society: “By bringing greater equality and social mobility the money: “Where a man may use 10% of a loan for his are doing, their confi dence grows.” to the most disadvantaged, microfi nance has changed the family, a woman will invest 100%. So when you provide Government is listening too. More supportive policies will panorama. I did not believe I would see this in my lifetime.” a loan to a woman, you are supporting the whole family.” help more women join the growing ranks of entrepreneurs. .

confi eholding.com fi nca.org imon.tj

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Social Investments Architects of change

The unique connection between women, Shola Olatoye, Chair and CEO of New York housing and neighborhoods has deep roots. Shola Olatoye City Housing Authority, and Vicki Been, Community New York’s housing and community Commissioner of the New York City development movement was pioneered Shola was appointed Chair Department of Housing Preservation and Over the past 15 years, Deutsche Bank has deployed over $1 billion to support the creation and preservation by women concerned with the substandard & Chief Executive Offi cer Development, lead the local government of aff ordable housing in New York City. More than conditions of their communities. Housing of New York City Housing agencies working to ensure that all New two-thirds of these investments have directly was not an isolated issue, in their view, but Authority (NYCHA) in Yorkers have a safe and aff ordable place benefi ted women and women-headed households. rather an entry point. Beyond the objective February 2014. NYCHA to live, and in neighborhoods that provide of building and repairing individual homes, is the largest public housing opportunities to lift up families. they looked to reweave the very fabric of their authority in the US, providing “The need for aff ordable housing is deep neighborhoods. They cared about education, aff ordable housing for more and growing, and especially acute among parks and recreation, employment, health, than 620,000 New Yorkers lower-income groups. Supply meets less transportation and social services. with low and moderate than half the demand,” says Vicki. “We are $1bn The 1970s and 80s saw disinvestment and incomes. working to use housing to build neighborhoods abandonment across many of New York’s Previously, Shola was that then create pathways to opportunity. low-income neighborhoods. It was women Vice President and New I’m clear about the connection between who reclaimed those neighborhoods and York Market Leader for making homes and neighborhoods better built a grassroots movement to strengthen the nonprofi t Enterprise and making people’s lives overall better.” community infrastructure. Community Partners, More than two-thirds of NYCHA’s heads As caretakers of children and the elderly, Vice President and Senior of household are women. The majority of heads of household and managers of their Community Development the tenant leaders are women. They are homes, tenant organizers and leaders Manager at HSBC Bank and community leaders – block captains, school in faith-based institutions, women were a director at real estate lunch aides, church leaders and more. trusted and infl uential stakeholders in their and economic development “The women of our communities are, neighborhoods. Their leadership in the design fi rm HR&A Advisors. as the kids would say, ‘holding it down’ on and development of housing supported the She has a master’s degree many diff erent fronts, and they are central growth of families and entire communities. in public administration in the process of improving NYCHA and Today’s leadership in the housing and from New York University’s building for its future,” says Shola. community development sector stands Wagner Graduate School “They are bringing other institutions into the on their shoulders as they strive to build a of Public Service and a conversation around change and helping to more resilient and inclusive city today and bachelor’s degree from galvanize those who live and work in NYCHA. for generations to come. Wesleyan University. As a public offi cial, it’s important to listen to a multitude of voices which can inform the Providing pathways to opportunity priorities for our work now and in the future.” The challenge of building better Both women have long careers in the fi eld neighborhoods in New York City has been of housing and community development and taken on by a new generation of women. a proven ability to cultivate partnerships and

“The women of our communities are central in the process of building for the future”

Shola Olatoye Chair and CEO, New York City Housing Authority

Breaking ground The women meeting the challenge of building better neighborhoods in New York City

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Discover more In-depth refl ections on women pioneers of New York City housing and community development

projects that revitalize neighborhoods and A legacy of positive change create aff ordable housing. Before NYCHA, Vicki Been Vicki and Shola are developing programs They built this city Shola ran the New York market of a national and policies to adapt housing and community nonprofi t that has helped build or preserve As Commissioner of New development to a twenty-fi rst century Honoring the women pioneers more than 44,000 aff ordable homes for York City’s Department of operating model. They fi nd inspiration to take on lower-income New Yorkers and invested Housing Preservation & such massive work in the workforce of their of New York City’s housing and more than $2.5 billion in and around the city. Development, Vicki Been agencies and the next generation of activists. community development movement Vicki headed NYU’s Furman Center for leads the largest municipal Part of their legacy will be in the diversity Real Estate and Urban Policy, a nationally housing agency in the US. of the agencies they lead, and the energy renowned academic research center She is responsible for and innovation that diversity brings to the Genevieve Brown Gloria W. Milliken devoted to the public policy aspects of land implementing Mayor Bill de task of changing the way the city thinks Genevieve Brown has been The philanthropist Gloria Milliken, use, real estate and housing development. Blasio’s Housing New York about and creates thriving neighborhoods. described as one of the architects who died in 2012, was a prominent She also served as a professor of law and plan to create or preserve “I’m reminded of how important government of the New Bronx. During the advocate for aff ordable housing of public policy at NYU. 200,000 aff ordable homes is to democratizing the workforce. 1970s, crime and drugs nearly and homelessness prevention Vicki was inspired to do this work by her and apartments over 10 years. It’s important we don’t lose the importance destroyed her South Bronx during her lifetime. She was own personal experience: “I grew up in a Prior to her appointment, of the government sector in building the neighborhood. The coalition of instrumental in the formation of community groups she organized organizations that have improved very small and very pool rural town, where she was director for NYU’s workforce of the city. HPD is an amazing in response, called the Mid-Bronx the lives of thousands of New it was often the women who were the Furman Center for Real microcosm of New York City,” says Vicki. Desperadoes, became the MBD Yorkers. She was involved in more problem solvers trying to push the place Estate and Urban Policy, Shola adds, “An interesting question for Community Housing Corporation, than 100 tenant associations. forward so that it opened up a better set of Boxer Family Professor of us as we try and develop a new engagement where Brown served as executive Organizations she co-founded director and president. MBD has include ANHD, Housing opportunities for their children and families. Law at NYU School of Law, model is, how do you acknowledge and developed over 2,400 low and Conservation Coordinators, which My mother was the mayor. She got the fi rst and Affi liated Professor of embrace tradition but adapt to a changing moderate-income housing units creates low and moderate-income grants the town ever secured and built Public Policy of the NYU environment? I’ve been encouraged by and attracted millions of home ownership opportunities community resources and assets the town Wagner Graduate School the new women leaders coming through. investment dollars to revitalize this from abandoned buildings for the did not have, like a park. For her, it was all of Public Service. She is a They are entrepreneurial and focused on neighborhood. MBD is known for Hell’s Kitchen community, and the Charlotte Gardens, a development New York Women’s Foundation, about making the town a good place to be graduate of New York social justice as they tackle these macro of single-family homes that has which works to improve the lives for children, so they had access to options University School of Law. issues we face. Their point of view is critical become a nationally recognized of women and girls. that put them on a path toward success.” as we enhance the link between investments model of urban renewal. Shola has similar memories of women in NYCHA and the city’s broader vision who led by example: “I grew up in a and goals around energy consumption, multiracial community where women were the environment and sustainability. We have “She set the “Gloria opened her the leaders of the most important eff orts, to harness their adaptability, fl exibility and highest standards home to those of including helping neighbors in need, cleaning openness to change, and translate that back up our parks and delivering relief. They did so that it infuses the work of all of us – young for herself and us working in the it by consensus, with or without the power and old – to create lasting, positive change.” . expected no less city’s struggling brokers’ blessings. They did what they felt was right for their communities.” nyc.gov from the people neighborhoods. she worked with Her graciousness and the community and generosity, she served. She and those achieved the magical evenings revitalization of a cemented our community that relationships and had all but been moved our work written off ” forward” “I grew up in a very small and Julie Sandorf, President, Henry Lanier, Senior Advisor, very pool rural town, where Charles H. Revson Foundation Forsyth Street Advisors it was often the women who were the problem solvers” Leah Schneider Ruth Nazario Leah Schneider was a longtime As executive director of Vicki Been leader in the Manhattan Valley community development nonprofi t Commissioner, New York City Department section of Manhattan. An Adopt-A-Building, Ruth Nazario of Housing Preservation and Development immigrant from Poland who helped initiate some of the fi rst escaped the Holocaust, she was a community-based planning and lifelong activist who spearheaded housing rehabilitation in the US. the salvation of low-income The group grew out of voluntary housing in the neighborhood. grassroots eff orts to improve She was a founding board member housing and social conditions of the West Side Federation for for low-income residents of East Senior and Supportive Housing Harlem, and was representative (WSFSSH), which was formed in of the broad-based, self-help 1976 to create housing that would community preservation meet the diverse needs of seniors movement that took root in and people with special needs. run-down areas of the city. Her legacy safeguards aff ordable Rehabilitation by Adopt-A-Building housing for those counted among returned many abandoned New York’s most vulnerable. buildings to use. It was also active in organizing tenant ownership of buildings.

“Generous with “Creative, spirited, advice and insightful and encouragement, energetic, Ruthie elegant and was a gift to a gracious, Leah struggling Lower was my mentor, East Side. Her moral compass technical expertise and friend. Leah’s to finance the life story is an renovation of inspiration to me abandoned and all those who buildings matched had the privilege her organizing to know and work capacity to deliver with her” bricks to the desks

Laura Jervis, Executive Director, of unengaged West Side Federation for Senior and Supportive Housing bureaucrats” Lisa Kaplan, Member, NYC Community Board 3

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Diversity Twenty years of Women on Wall Street®

Vibrant and engaging for 20 years: scenes from the Women on Wall Street® conference Photography: Larry Lettera/Camera 1

Deutsche Bank’s Women on Wall Street® conference – way in their industries have shared their experiences and this year by Co-Chief Executive Offi cer Jürgen Fitschen or WOWS, as it’s known – is the premier event for women advice on how to cultivate career success. and North America CEO Jacques Brand. Co-Chief Executive working in fi nance. The game changers at last year’s conference included Offi cer Anshu Jain was a speaker in 2010. Every year, more than 2,000 people from all parts of Clara Shih, founder and CEO of Hearsay Social and Vicki the industry meet for inspirational, thought-provoking Fuller, Chief Investment Offi cer of the $150 billion New York Changing the agenda conversations on topics of relevance to women’s careers. State Retirement Fund, who chose a life of public service “For 20 years WOWS has kept the issue of gender diversity Registration fi lls early and there is often a standing after 30 years in the asset management industry. Katherine in focus,” says Stephanie Tolischus McGovern, who is Head room crowd on the day. Garrett-Cox of Alliance Trust, Deutsche Bank Supervisory of US Regulatory Management at Deutsche Bank. Stephanie Inside the vast conference room at the event venue, Board Member and a panelist in 2011, is one of few female chairs the WOWS conference and is co-chair of the bank’s it’s hard to imagine a time before WOWS. Yet as co-founder CEOs in the fi nance industry. WOWS employee network group. “WOWS has been the Mona Lau recalls, WOWS had to carve out a niche in a The line-up for this year’s conference demonstrates the fl agship event for diversity within the industry. The longevity landscape in which diversity was not prominent. breadth of perspective for which WOWS is known, with women of the conference and Deutsche’s advocacy have helped make “There were plenty of industry conferences, yet none of from the worlds of academia (Katherine Phillips), corporate the recruitment, development, retention and advancement of them addressed the issues aff ecting women. There were (Deutsche Bank Supervisory Board Member Dina Dublon), women a priority for companies,” she says. no real opportunities for women to meet senior role models fi nance (Sonia Gardner), television (Shonda Rhimes), media As WOWS marks its twentieth anniversary, it’s a fi tting and to network with women and clients across the industry. (Maria Bartiromo, Jill Schlesinger) and technology (Ayah Bdeir). moment to pause and refl ect. “We’re at an infl ection point,” This was why we created WOWS,” she says. Prominent men have added their voices to the conversation. says Stephanie. “We chose the theme of collective wisdom Two decades later, WOWS remains relevant. The founding Paul Volcker of the Federal Reserve addressed the conference for this year’s conference because we’re looking back at how idea and spirit – to inspire and motivate women to achieve in 1996, providing an early indication of the support within the we’ve moved as an industry and then ahead at how we’re goals for themselves and for the bank – have helped to shape industry for Deutsche Bank’s initiative. There is a long tradition going to shape the agenda for the next 20 years.” the career paths of thousands of women. of support from the bank’s senior management, represented Collective wisdom is an apt description of the WOWS The infl uence of WOWS can be seen around the world. phenomenon. The idea of a network for women has created There are now Deutsche Bank-sponsored conferences something even more powerful – a community. “There are for women in Frankfurt, London, Milan, Singapore and people who’ve been coming to WOWS for 10 and 12 years. Sydney that trace their roots back to WOWS. “WOWS has become less It off ers a place where women can meet and talk about and less about diversity professional development and leadership and that will Shifting ground continue to be important,” says Stephanie. The fi rst WOWS conference took place in 1995, and and is now about business The WOWS agenda provides a measure of women’s provided the model for every event since. From the beginning, strategy and how we move progress. So Stephanie is pleased that diversity is no longer the WOWS team decided to open the conference to the rest the issue driving the conversation: “I’ve seen an evolution. of Wall Street. Attendees listened to a roster of speakers who that forward” WOWS has become less and less about diversity and is now spoke on the theme of networking. about business strategy and how we move that forward.” . The caliber of speakers has been central to the appeal of Stephanie Tolischus McGovern WOWS. Year after year, infl uential women who have led the Head of US Regulatory Management, Deutsche Bank womeninbusiness.db.com The WOWS factor Two decades on, Deutsche Bank’s Women on Wall Street® conference continues to set the agenda for women in the financial industry

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From then to now The themes and speakers from every WOWS conference

2014 2009 2004 1999 Collective Wisdom Overcoming Obstacles: Transforming Celebrating Successful Women Leaders 24 Time Zones, One Market: Guest speakers Challenges into Opportunities Succeeding on a Global Scale Jürgen Fitschen, Deutsche Bank Jacques Brand, Guest speakers Guest speakers Guest speakers Deutsche Bank Stephanie Tolischus McGovern, Michael Cohrs, Deutsche Bank Joanna Barsh, Seth Waugh, Deutsche Bank Roelfi en Kuijpers, Colleen D. Baldwin, AIG Global Investment Group Deutsche Bank Dina Dublon, Deutsche Bank McKinsey & Company Sylvia Ann Hewlett, Center for Deutsche Bank Sheila Wellington, NYU Stern School Elizabeth Bryan, Deutsche Asset Mgmt (Australia) Katherine Phillips, Columbia Business School Work-Life Policy Denise Incandela, Saks Fifth Avenue of Business Dr. Johnnetta Cole, Bennett College for Mary Ann Casati, Goldman Sachs Myra R. Drucker, Shonda Rhimes, executive producer, screenwriter, Lisa Pickrum, RLJ Companies Preethi Nair, Nine Fish Women Kay Booth, Bear Stearns Amy Butte, The New Xerox Corporation Dina Dublon, Chase Manhattan director Sonia Gardner, Avenue Capital Group Eileen Taylor, Deutsche Bank Roelfi en Kuijpers, York Stock Exchange Dina Dublon, JPMorgan Chase Stephanie Hanbury-Brown, Maria Bartiromo, FOX Business Network and Deutsche Bank Alexandra Lebenthal, Lebenthal Leslie Pfrang, JPMorgan Chase FOX News Channel Jill Schlesinger, CBS News Deutsche Bank Miriam Vializ-Briggs, IBM Corporation Dr. Tessen Ayah Bdeir, littleBits 2008 von Heydebreck, Deutsche Bank 2013 Positioning for Sustainability: 2003 Our Work, Our Lives, Our Planet Strategic Risk: Taking the Leap 1998 Game Changers Toward Greater Reward Mapping the Global Markets: Guest Speakers Guest speakers Directions in Investing Seth Waugh, Deutsche Bank Mindy Lubber, Ceres, Guest speakers Jacques Brand, Deutsche Bank Olympia Snowe, The Investor Network on Climate Risk Vickee Jordan Roelfi en Kuijpers, Deutsche Bank Tom Hughes, former US Senator Vicki Fuller, New York State Guest speakers Adams, Hill & Knowlton Janesse Thaw Bruce, Deutsche Bank Vickee Jordan Adams, Hill & Knowlton Common Retirement Fund Sallie Krawcheck, Jessica Bibliowicz, John A. Levin & Co. Joyce Chang, Body+Soul magazine Majora Carter, Sustainable Betsy Gile, Deutsche Bank Mellody Hobson, Ariel 85 Broads Mary Schapiro, Promontory Financial Merrill Lynch Pilar Conde, JPMorgan Chase South Bronx, Majora Carter Group Roelfi en Kuijpers, Capital Management, Ariel Mutual Funds Peg Clara Shih, Hearsay Social Roberta A. Kaplan, Marilyn Fedak, Sanford Bernstein & Co. Geralyn Deutsche Bank Dina Habib Powell, Goldman Sachs McGetrick, Liberty Square Asset Management Leslie Paul, Weiss, Rifkind, Wharton & Garrison Fitzgerald, Bankers Trust Dr. Susan Phillips, George Perlow, Harvard Business School Jennifer Sabin, Washington University 2012 2007 Sabin & Zander It’s Your Move – Driving Change Making Your Impact: Advancing 1997 in Your Career and Life 2002 Women on Leadership the Economic Power of Women Taking Charge: Success on Your Own Terms Guest speakers Guest speakers Seth Waugh, Deutsche Bank Brenda C. Barnes, Sara Guest speakers Robert Rankin, Deutsche Bank Jessica Jackley, Kiva Guest speakers Lee Natalie Morales, Today Show Roelfi en Kuijpers, Roelfi en Kuijpers, Deutsche Bank Kevin Parker, Stephanie Ruhle, Bloomberg Television Michelle D. Kathryn Carlson, Army & Airforce Mary Cirillo, Bankers Deutsche Bank Cathleen Benko, Deloitte & Touche Deutsche Bank Michelle Caruso-Cabrera, Bernard, Bernard Center for Women, Politics & Public Trust Karen Elliott House, Dow Jones Elaine LaRoche, USA LLP Professor Laurie Hodrick, Deutsche Bank CNBC Maggie Craddock, Workplace Relationships Policy Iris Bohnet, Harvard Kennedy School Beth Morgan Stanley Dean Witter Bridgett Macaskill, Sandra Horbach, The Carlyle Group Denise Menelly, Jocelyn G.Cunningham, Deloitte Consulting Mary C. Brooke, Ernst & Young Kathryn A. Cassidy, Oppenheimer Funds Heidi Miller, Travelers Group Citigroup Tracey T. Travis, Polo Ralph Lauren Farrell, UBS Paine Webber Beverly Parker, LexisNexis GE and GE Capital Susan Cain, author Francis J. Kelly, Judith R. Shapiro, Barnard College Vanessa Wilson, Deutsche Bank Deutsche Bank 1996 2006 Challenge of the Next Millennium 2011 Negotiating for What You Want 2001 Guest speakers Breaking Through to the C-Suite Managing Change: Achieving Success Carole Berger, Salomon Brothers Jessica Bibliowicz, Guest speakers in Today’s Environment Smith Barney Esther Dyson, Edventure Capital Seth Waugh, Deutsche Bank Roelfi en Kuijpers, Guest speakers Gay Evans, Bankers Trust Leslie Fecton, General Mills Deutsche Bank Susan Scott, Fierce Lisa Dennison, Guest speakers Jeff rey Mayer, Deutsche Bank Sharon Allen, former Alison Mass, Merrill Lynch Paul Volcker, Federal Reserve Solomon R. Guggenheim Museum Deborah C. Virginia Gambale, DB Capital Venture Partners board chairman of Deloitte LLP Carolyn Buck Luce, Wright, Carver Bancorp Ann W. Jackson, WRC Media Seth Waugh, Deutsche Bank Maria Bartiromo, CNBC Ernst & Young Ilene H. Lang, Catalyst Donna Milrod, 1995 Sandie O’Connor, JPMorgan Chase Theresa Gusman, C. Kim Goodwin, American Century Investments Deutsche Bank Ann Marie Petach, BlackRock Deutsche Bank Janet Hanson, Milestone Capital Management Networking: Women in Business Katherine Garrett-Cox, Alliance Trust Lisa Polsky, Merrill Lynch & Co Sharon T. Rowlands, Guest speakers 2005 Thomson Financial Sheila W. Wellington, Catalyst Zoe Cruz, Morgan Stanley Anne Drennan, Alliance 2010 Junko Yoda, Deutsche Bank The Power of Relationships Capital Lawton Fitt, Goldman Sachs Maureen Innovation: Ideas to Action Hendricks, JPMorgan Chase Lisa Polsky, Bankers 2000 Trust Charles Sandford Jr, Bankers Trust Guest speakers Innovation and Opportunity: Guest speakers Roelfi en Kuijpers, Deutsche Bank Alessandra Leveraging the New Economy Anshu Jain, Deutsche Bank Steven Berlin Johnson, DiGiusto, Deutsche Bank Dr. Wanda Wallace, author, social critic, technologist Sharon Hall, Spencer Leadership Forum Elizabeth Sandler, Deutsche Bank Guest speakers Stuart Louise Kitchen, Deutsche Bank Alexandra Janet Campagna, Deutsche Bank Carla Harris, Dr. Josef Ackermann, Deutsche Bank Roelfi en Lebenthal, Alexandra & James Co, Lebenthal & Morgan Stanley Shaz Kahng, Nike Amy Ellis-Simon, Kuijpers, Deutsche Bank Shelley Leibowitz, Morgan Company Julie Richardson, Providence Equity Merrill Lynch Suzanne Nora Johnson, Goldman Sachs Stanley Dean Witter Dr. Michael R. Lynch, Autonomy Partners Reshma Saujani, Fortress Investment Group Systems Dame Stephanie Shirley, F.I.GROUP Alexandra Wilkis Wilson, Polly A. Sumner, AlphaBlox Corporation Elizabeth Gilt Groupe Nancy Lublin, DoSomething.org, Dress for Wang, DoubleClick Success

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Art Collective inspiration

Herland November 12, 2014 – February 14, 2015 60 Wall Gallery, Deutsche Bank, New York

Who’s invited? Herland features women artists from the Deutsche Bank Collection. Each has been invited to recommend a work by a female artist they admire.

Barbara Astman Photography Born USA, lives in Toronto Has recommended: Sondra Meszaros Drawing Born Canada, lives in Toronto

María Magdalena Campos-Pons Photography Born Cuba, lives in Boston Has recommended: Carrie Mae Weems* Photography Born USA, lives in New York

Cao Fei Video Born China, lives in Beijing Has recommended: Ko Sui Lan Sculpture and installation Born China, lives in Hong Kong

K8 Hardy Photography Born USA, lives in New York Has recommended: Elisabeth Subrin Miwa Yanagi, Yuka, from the My Grandmothers series, 2000, Deutsche Bank Collection ©Miwa Yanagi Film and photography Born USA, lives in New York

Wangechi Mutu Collage Born Kenya, lives in New York Has recommended: Saya Woolfalk* Mixed media Born Japan, lives in New York

Judy Pfaff Through her eyes Drawing Born UK, lives in New York A new exhibition at Deutsche Bank’s 60 Wall Gallery presents works Has recommended: Keltie Ferris by women artists from the Deutsche Bank Collection and more Painting Born USA, lives in Brooklyn

Fanny Sanin Painting Born Colombia, lives in New York Deutsche Bank has been collecting cutting-edge, discomfort and domination, rich in education and cooperation, Has recommended: contemporary art for over 35 years. The bank’s earliest and where pragmatism and aesthetics are equally considered Soledad Salamé acquisitions for the Deutsche Bank Collection include in all pursuits. Prints works by many women who have had a seminal infl uence Following the spirit of this amusing and allegorical narrative Born Chile, lives in Baltimore on subsequent generations, among them Louise Bourgeois, about gender, ideals and community, women artists from Marlene Dumas, Isa Genzken, Eva Hesse, Lee Krasner, the Deutsche Bank Collection will display a recent work. Miwa Yanagi Jac Leirner and Joan Mitchell. In addition, each was invited to recommend a work by another Photography Continuing the tradition of supporting the perspectives female artist they admire for inclusion in the show. Born Japan, lives in Kyoto of women, there will be an exhibition of notable women artists Rather than trying to portray Gilman’s tale or extolling Has recommended: at the bank’s 60 Wall Gallery in New York from November 12, her feminist perspective, the show seeks to underscore the 2014 to February 14, 2015. The exhibition is being staged traditional precedent of women supporting other women. Miyako Ishiuchi on the 20-year anniversary of the Women on Wall Street® The artists’ works in Herland are radically divergent, yet touch Photography conference and its initiatives focused on success for women upon a variety of universal themes, encompassing both Born Japan, lives in Tokyo in the fi nancial sector. utopian and dystopian versions of cultural hybridity, memory The title of the exhibition, Herland, loosely references the and transformation, nature and landscape, and personal and *Also part of the 1915 novel of the same name, a version of utopia written as collective identity. Deutsche Bank Collection a trilogy by the pioneering American feminist and sociologist At the same time, the concept further highlights the Charlotte Perkins Gilman. defi nition of the Deutsche Bank Collection: To present In Gilman’s story, a three-man expedition discovers an the diverse perspectives of contemporary artists from isolated society composed entirely of women. This civilization around the globe whose work has universal resonance. . is based on parthenogenesis (a form of reproduction without fertilization) and has an ideal social order: free of war, art.db.com

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Discover more Volunteering with Deutsche Bank in the Americas

Employee Engagement Pass it on Girl power Women leaders at Deutsche Bank are going into the community to help the next generation of women chart their futures

The girls attending the New York public organizes out-of-school events for students schools that comprise the Young Women’s to meet professionals from the world of work, “The bank provides the “I feel a responsibility to help Leadership Network (YWLN) have a common who help develop the skills they’ll need to opportunities, so it’s up to other women, as my path has ambition. They want to go to college. succeed in college and beyond. That goal is nurtured from a very young age. Senior women from Deutsche Bank are us to take them. We should been made easier by those From as early as sixth grade, these girls are among them. Paula Jennings is a Director in give back as much as we can” who came before me” encouraged to see higher education as part Regional Management. She’s taken part in of their futures, and given the tools to develop YWLN events since 2013. Its mission has a Nancy Davey Paula Jennings themselves as learners and leaders. personal resonance for Paula. “I know how Corporate Banking & Securities, Deutsche Bank Regional Management, Deutsche Bank YWLN supports fi ve public schools in it feels to be inspired by education. I was the New York City, serving nearly 2,000 students. fi rst in my family to go to college,” she says. The schools have an outstanding record Paula has worked to improve opportunities of success. Nearly all of their graduates are for women within Deutsche in her role as a accepted to college. That’s not something senior manager, by mentorin g colleagues and they take for granted. Most will be the fi rst through her involvement in diversity initiatives in their families to get a college education. at the bank. She says, “I feel a responsibility YWLN was founded to break the cycle to help other women, as my path has been of poverty through education, a goal that made easier by those who came before me.” Deutsche Bank supports in all regions Volunteering enables her to pass on what through its Born to Be program, which aims she’s learned about leadership. “I’ve had to unlock the potential of the next generation. amazing support from the bank. The DB The network is a grant recipient and partner Women Global Leaders program gave me a of Deutsche Bank Americas Foundation. new perspective on leadership. Sharing that It’s widely recognized that higher knowledge can make a diff erence to the education off ers one of the most reliable lives of these girls,” she explains. pathways out of poverty. A college degree Paula is arranging for students to visit the can be a signifi cant step toward economic bank to see the career possibilities the industry security. According to the US Department of can off er. That’s a priority as well for Nancy Education, a woman who holds a bachelor’s Davey, a Director in Corporate Banking & degree can expect to earn 64% more per year Securities who was selected for the DB than a woman who holds only a high school Women Global Leaders program this year. diploma. Yet just 8% of low-income young Nancy has taken part in YWLN events adults in the US, male and female, achieve since 2009, ranging from career days and a college degree. college interview preparation to visits to the New York Stock Exchange. “Showing Lessons from the world of work these girls jobs they can aspire to when Women infl uencing women is central to the they graduate reinforces why they’ve YWLN philosophy. Within school, the older taken this path,” she says. students mentor the younger ones. YWLN Both women emphasize how rewarding they fi nd volunteering, on a personal level and for their own leadership development. The value of education A woman who holds a bachelor’s degree can expect “The bank provides the opportunities, so it’s to earn 64% more per year than a woman who holds up to us to take them. We have a lot to give only a high school diploma and we should give back as much as we Deutsche Bank volunteers Nancy Davey (left) and Paula Jennings Photography: Liz Ligon can. Leaders have to set a positive example,” says Nancy. By doing so, they’re helping to defi ne % a new generation of leaders. . 64 ywln.org

Ready to lead As part of its commitment to improving gender diversity, Deutsche Bank has two programs designed to increase the number of women in leadership roles at the bank

ATLAS DB WGL Accomplished Top Leaders Advancement DB Women Global Leaders (DB WGL) is a Strategy (ATLAS) is an award-winning global global program for high potential female program for female Managing Directors. Directors.Launched in 2010, the objective Launched in 2009 by the Chairman of the of the program is to enhance the leadership Management Board, the third cohort skills of high performing senior female commenced in 2013 and is sponsored by the Directors and to create a pipeline of female co-CEOs Jürgen Fitschen and Anshu Jain. talent for broader and more senior positions. The one-year ATLAS program prepares The one-week DB WGL program is high performing senior women for designed with and delivered by faculty executive leadership positions through a from INSEAD business school and includes combination of sponsorship, exposure leader-led development with the participation YWLN students Photograph: Dan Goodrich and tailored development. of GEC members and ATLAS participants.

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Discover more Born to Be projects break down barriers to opportunity

Education Born to be

Bringing innovation to persistent educational challenges: developing vocational skills in Peru (above), bringing community resources into schools in Mexico (top right) and strengthening teaching methods in Brazil (bottom right) Photography: courtesy Fundación Pachacútec, Proeducación and Avisa Lá Included Education is a key beneficiary of social and economic reforms in Latin America, and women are leading that change

In Latin America, economic developments thinking. Deutsche Bank is helping its For the past three years, Deutsche Bank have been accompanied by a wave of partners to apply practical, grassroots-level “We are always looking has supported Proeducación by funding social reforms designed to bridge gaps strategies that tackle the barriers to success. for ways to get people a skills development program for teachers. created by the socioeconomic divide and By working with female-led organizations, The program provides exposure to new to improve public institutions to better serve the bank is acting on a global commitment to working together, and we teaching methods, increases involvement the whole population. recognize and advance women’s leadership. encourage our employees in school management and improves Improving education is high on the agenda. Across Latin America, visionary women communication with students and parents. Governments have recognized that a highly are sparking innovation in critical aspects of in Latin America to dedicate To date, Proeducación has worked with skilled and competitive labor force is needed the educational system. Counted among their time and experience more than 100 schools nationally, reaching to sustain growth. That requires an education Deutsche Bank’s partners are women leaders more than 67,000 students, teachers and system that prepares the young to participate who have pioneered new educational models to help the needs of their families. The results prove the eff ectiveness in the globalized, knowledge-based economy. and instigated public/private partnerships, neighbors and be agents of its model. In recent national testing Many countries in Latin America are making and who are seeing them through to realize (ENLACE 2012), Proeducación schools progress towards greater educational and measurable positive impacts. of social change” outperformed the national average for economic achievement among citizens, both math and Spanish. allowing for fuller participation in society. Teaching the teachers Maite Leite Governments are putting more resources Brazil has taken huge strides to improve its Chief Operating Offi cer Latin America, Deutsche Bank Women entrepreneurs into education. More children are going to education system. Deutsche Bank is working In spite of the region’s economic growth, school. Attendance has increased across with nonprofi t Avisa Lá to raise the standard millions of Latin Americans continue to live all educational levels and age groups, with of pre-school education in São Paulo. A grant in poverty. For almost 35% of the population average enrollment rising to 94% in primary has funded the development of a training of Peru’s capital city Lima, home is one of schools and 72% at the secondary level program for teachers that uses a combination the city’s many informal settlements. (2010 data). Fewer are dropping out. Test of workshops and online materials. CEO Silvia Without access to education and scores are also improving. In the largest Pereira de Carvalho’s vision is to provide this employment opportunities, those living in countries there are positive trends in PISA training nationally through partnerships with the settlements are trapped on the edges (Programme for International Student the Ministry of Education and the National of society. The nonprofi t Fundación Assessment) scores, which show the aptitude Network of Municipal Education Leaders, Pachacútec, led by CEO Magally Fuentes, of 15-year-olds in math, reading and science. which could transform the standard of early provides education and training for the Through its Born to Be youth engagement education in Brazil. residents of the biggest settlement in Lima, program, Deutsche Bank is helping young where 230,000 people live. people globally to develop the skills they need Community model Deutsche Bank supports a vocational for future success, and exposing them to new In Mexico public education is free and training program that Fundación Pachacútec people and ideas to fuel their aspirations. accessible to all. Practitioners and runs to help the women of this settlement As part of a global commitment policymakers alike are focused on improving acquire employable skills in hairdressing and to ensuring equality of opportunity in the quality of teaching and learning. beauty trades and set up businesses of their education, Deutsche Bank is working with Under Sonia Gaspar Villarias, the nonprofi t own. Over 350 women have attained diploma local nonprofi ts in Argentina, Brazil, Chile, Proeducación has devised a community- level qualifi cations, 70% are employed Mexico and Peru to implement solutions based strategy to help improve the quality and some have started businesses using to the educational challenges seen in each of the education in public schools in poor microloans from Fundación Pachacútec. . country and improve the quality of education areas. Proeducación’s unique approach systems across the region. engages community leaders, teachers, avisala.org.br The persistent, deep-rooted challenges students and parents in a collective eff ort proeducacion.org.mx these communities face demand innovative to create a better education system. fundacionpachacutec.org

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Briefi ng Talking demographics, leaders in the making and seeds of change

Person to person

Meet the Nashers Global citizen Yielding results Sadie Nash Leadership Project Next Thought Leaders Forum The Kiva Partnership

Drawing inspiration from WOWS and Deutsche Bank’s Deutsche Bank’s recent partnership with Kiva invites own leadership programs for women, a new educational its employees to experience the power of microfi nance. partnership aims to help develop the female leaders of Kiva’s online lending platform allows individuals to make the future for New York City. loans to borrowers who have limited or no access to capital. The Sadie Nash Leadership Project (SNLP) was founded Those loans can help the borrower start or grow a business, in 2001 to address the lack of women in leadership roles go to school or realize their potential in other ways. in society. It supports the development of young women in Through this program, Deutsche Bank gave every high school as leaders and learners. Volunteers from employee in the US a credit of $25 to lend to the borrower Deutsche Bank will support the success of the organization’s of their choice through the Kiva platform. A popular choice college access program as mentors and role models. was Rose’s Group in Kenya, Africa. SNLP gives priority to students at public schools in the city. Most of the world’s poor are farmers. Rose is 64 years Its message to them conveys its belief in their potential: old and has been a farmer for 33 years. She’s married and “We believe you have the ability to change the world, now has six children. Microloans provided through Kiva enable and in your future.” College is seen as an essential step in the Strive for College corrects the inequities of college access and her to buy seed and fertilizer, and get technical assistance journey and SNLP has provided informal college coaching enrollment in the US Photograph: courtesy Strive for College on new methods to help her grow maize, sorghum and to its participants, known as “Nashers,” since inception. millet crops. With the money she earns from the harvest, In 2013, it launched a college program to support its Deutsche Bank’s Thought Leaders Forums are a series of she can feed her family, send her children to school and growing population of high school juniors and seniors. events created to enrich understanding of challenging save for the future. The program includes SAT and college prep, college trips, issues and involve bank employees in activating solutions. Rose volunteered to be a leader for a group of 48 farmers application support and test application panels. Deutsche The Forums are part of Deutsche Bank’s civic engagement in her district. The farmers’ loans are distributed by Kiva’s local will support a more comprehensive and integrated program on topics of importance to society at large. Each event gathers fi eld partner, One Acre Fund. One Acre Fund is an example as part of Born to Be. leaders from within the bank and from its corporate citizenship of what Kiva calls a catalytic partner. These organizations The issues around college access are well understood, partners to create a dialogue on the issue on the agenda. use their capital to fund program approaches that enable but the challenges do not end once a student enters college. The inaugural Forum on social fi nance launched a poor entrepreneurs to achieve life-changing outcomes. Some students also need support with college persistence, partnership with microfi nance institution Kiva that involves where intervention can help those at risk of dropping out to Deutsche employees as “bankers for change.” The next event stay in school and achieve success. will address the shifts in the demographic landscape, which “We are excited to partner with SNLP and for Deutsche has implications for the marketplace, Deutsche Bank’s global Bank women to serve as role models and mentors to the competitiveness and its future workforce. next generation of women leaders and activists. We want “We’ve chosen this topic to call attention to the disconnect to empower these young women so that their collective between growing populations and the job market, and the impact is positive and lasting change in their communities,” link between education and opportunity in this context,” says Alessandra DiGiusto, Chief Administrative Offi cer of says Nicole Leach of Deutsche Bank Americas Foundation. Deutsche Bank Americas Foundation. . “We will share what we’re doing to acknowledge and address the challenges of those being left behind, and highlight sadienash.org how employees can contribute to this work.” The Forum will be hosted by Jacques Brand, CEO of Deutsche Bank North America. It will be sponsored by Erich Mauff , Head of Capital Markets and Treasury Solutions North America, and Roelfi en Kuijpers, Global Head of AWM Relationship Management, Institutional Global Client Group. Dr. Manuel Pastor of the University of Southern California will give a presentation on the new roles for civic leadership created by a changing demographic and economic landscape. A panel discussion on the impact of demographic change One Acre Fund uses Kiva capital to help entrepreneurs achieve on educational inequity and attainment will include Michael life-changing impacts Photograph: courtesy Kiva Carter, founder and CEO of educational nonprofi t Strive for College, one of the bank’s partners in addressing these issues. One Acre Fund farmers can double their farming income Strive helps students from low-income families to access per acre. One Acre Fund pre-purchases seeds and fertilizer higher education. The Forum’s call to action is for Deutsche when prices are low and passes on the cost savings to the employees to once again be “bankers for change,” by helping farmers, distributes supplies, and provides training and 1,000 students at Strive’s partner schools get to college. ongoing support throughout the planting and harvesting The Forum is part of the bank’s Born to Be program, which season to help them maximize their yields. It also helps gives young people access to pathways leading to educational the farmers sell the harvest so they can be more profi table. attainment, employment and economic mobility. . With the capital provided by Deutsche Bank employees and the integrated support they get from One Acre Fund, Thought Leaders Forum: 4.00pm, December 10, 2014, Rose’s Group has a better chance of a successful harvest, 60 Wall Street Auditorium larger profi ts and improved lives for their families. .

Kamilah at SNLP’s Summer Institute Photograph: Breukellen Riesgo striveforcollege.org kiva.org/team/DeutscheBank

78298L01.indd 11 9/26/14 7:07 PM Passionate about… Creating opportunity Together as one From the revitalization of Chapultepec Park to the creation of the Papalote Children’s Museum and many other community resources, the philanthropist Marinela Servitje has developed innovative models for public-private partnership to create a more equitable Mexico

You are one of Mexico’s You’ve led many projects What has been key to your You’re an inspiration to What advice do you What do you hope will most active social during your career. success in overcoming many women in Mexico. have for women who want be your legacy? philanthropists. What keeps you going? obstacles to progress? Which women have to effect positive change? How did you begin? inspired you in your life? I’m proud of many things Half of Mexico’s population With every project, I have a To have impact in an area, that I hope will inspire My parents believed in lives in poverty and we all clear vision for what I want My sister Pilar is a nurse by study as much and as others to get engaged community service. I was have a responsibility to to achieve. I develop a training and has dedicated long as you can – it gives and help create positive 15 years old when my family change this, not only the strategic plan, and I surround her life to serving indigenous you the knowledge and social change. went on mission to Mexico’s government. My father myself with people who communities. She was a analytical framework you rural countryside and for the instilled in me the value are committed to the issue leader as a young woman. need for success and helps I’ve given millions of children fi rst time saw the poverty in that we must use the we are tackling. In my She worked in remote rural you develop the vision the opportunity to learn which many Mexican energy, health, wealth experience, when people communities, which was not and methodology to solve and play at the interactive families live. That exposure and time that we have for understand the problem and a common career path for problems. Surround science and children’s to Mexico’s underprivileged the public good. the positive impacts I am the daughters of successful yourself with enthusiastic museums I’ve designed reality compelled me to working to create through businessmen in the 1960s. collaborators. And know and endowed around Mexico. become an ambassador Fortunately, there are many my projects, they are more Her photographs and how to develop your I’ve convinced many for Mexican indigenous foundations and NGOs likely to come together as stories taught me so much successors and pass on Mexican families to use communities. From creating active in Mexico and the one to make it happen. about how families survive leadership positions to those their time and resources to museums and public parks third sector has become in the most challenging who are ready to take your support socially oriented to driving educational very professional. I’ve always of circumstances. work even further. organizations. I fi rmly believe reform, I have devoted my invited people who are in collaboration and I’m time and resources to ending committed to long-term excited to be working with social inequality in Mexico. change to join my the government to improve organizations. I’m not the quality and equity of satisfi ed until I achieve education in Mexico. . meaningful results. sietecolores.mx Photograph: Alfredo Pelcastre

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