The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
Report for the Calendar Year or Quarter Ended: 09-30-2023
Check here if Amendment    Amendment Number:
This Amendment (Check only one.):    is a restatement.
   adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: DEUTSCHE BANK AG\
Address: Taunusanlage 12 D-60325
Frankfurt Am Main, 2M  00000
Form 13F File Number: 028-10103
CRD Number (if applicable):
SEC File Number (if applicable):

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Michael Caro
Title: Vice President
Phone: 904-527-5258
Signature, Place, and Date of Signing:
Michael Caro Jacksonville,  FL 11-09-2023
[Signature] [City, State] [Date]
Report Type (Check only one.):
   13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
   13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
X 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK
Russell Investments Group, Ltd. 028-17598     0001692234
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 17
Form 13F Information Table Entry Total: 13,054
Form 13F Information Table Value Total: 180,759,768,893
(round to nearest dollar)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK
1 Deutsche Bank Trust Co Americas 028-13777     0001173854
2 BT ALEX BROWN INC / 028-05033     0000898380
6 DWS Investment GmbH 028-10155     0001167717
10 DWS INVESTMENT MANAGEMENT AMERICAS, INC 028-10249 000104518 801-252 0001179124
11 RREEF AMERICA LLC 028-04760 000109596 801-55209 0000938772
19 Deutsche Bank (Suisse) SA 028-11509     0001342720
20 DEUTSCHE BANK NATIONAL TRUST CO 028-11997     0001020242
21 Deutsche Bank Trust CO Delaware 028-11998     0001370961
23 Deutsche Bank Trust Company, National Association 028-12000     0001370965
28 Deutsche Oppenheim Family Office AG 028-19530     0001759113
33 DWS Investments UK Ltd 028-13988     0001498187
287 DBX Advisors LLC 028-18169 000154558 801-71808 0001506281
402 Deutsche Bank S.p.A 028-20858     0001844950
422 DWS Investments Hong Kong Ltd 028-19303 000139666 801-66285 0001767587
462 DWS CH AG 028-19301     0001767607
483 DWS International GmbH 028-19304 000105075 801-20289 0001767611
562 DB UK Bank Ltd 028-19293     0001767578