Christian Sewing

Globalization will be different going forward.

But that needs actually global banks with local know-how.

And that is actually where we are focusing in from a Deutsche Bank point of view, strong home market, but being an international player.

Because what we see from our clients, they would like to have a bank with an international exposure, with an international expertise, and that was a global network.

And that's exactly what we want to be.

So diversified and a global setup is, I think, the key to success.

It's a very organic process.

Look, I'm very happy with the development which we have taken.

You were just talking about our share price.

I think overall the bank has done very well over the last three, four years.

The turnaround has been completed.

And now it's really bringing the bank from a 10% ROTE to the next stage.

And all levers for that are levers which are, so to say, within our own hands.

It's about a better capital management.

It's about focused growth.

It's further about investing into technology to get further efficiencies out.

All that is in our hands.

And as long as I have the chance to further increase my return on equity with, so to say, homework, that is always the preferred option.

As I said again, if you can focus on yourself, if you can improve your return on equity by applying this homework, honestly, it's always the first option.

Well, we have many use cases, and you can apply that across the bank.