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Deutsche Bank has been recognized by the Business Continuity Institute (BCI) with the “Most Effective Recovery of the Year” award. The accolade is part of the Inaugural BCI Awards – North America program that was presented at the annual Disaster Recovery Awards in Orlando, Florida on March 27. The award distinguishes Deutsche Bank for its successful response to protect staff and maintain business operations during Hurricane Irene in August 2011. The panel of judges, which was comprised of senior business continuity experts, noted the overall complexity of Deutsche Bank’s recovery and its well-coordinated response across the Bank.

Hurricane Irene affected multiple locations and brought the New York metropolitan area to a standstill. Deutsche Bank faced the possibility of the storm impacting operations at its headquarters and primary work locations for 6,000 employees. The Bank initiated its crisis management and business continuity frameworks, providing 24-hour, on-the-ground and remote support to maintain business operations in the region. Despite one of the most costly disasters in US history, Deutsche Bank's Corporate Security & Business Continuity (CSBC), Group Technology, Corporate Real Estate & Services (CRES), and Business and Infrastructure teams worked together to ensure that Deutsche Bank was operational throughout the crisis.

“This award is an honor to everyone at Deutsche Bank who joined forces to make sure that all of our employees and resources were protected before, during and after Hurricane Irene,” said Larry Knafo, Deutsche Bank's Global Head of Crisis Management and Regional Head of CSBC.  “Our preparedness for the hurricane is a testament to the levels of resiliency that we have built up into the Bank driven by the demands of our constantly evolving business model.”

BCI is the world’s leading business continuity organization. Its mission is to promote the highest standards of professional competence and commercial ethics in the provision and maintenance of business continuity planning and services.