Deutsche Bank Chief Operating Officer Hermann-Josef Lamberti said: "Deutsche Bank expects to save around EUR 1 billion over 10 years, largely converting what until now have been fixed costs of operating our own computer centers into usage-based, variable costs. In addition, we are confident that our employees are joining a partner who can offer them better development opportunities in their field of expertise than we can as a bank."
The transaction is subject to approval by the respective bodies and regulatory authorities.
Forward-looking statements involve inherent risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our trading revenues; potential defaults of borrowers or trading counterparties; the implementation of our restructuring including the envisaged reduction in headcount; the reliability of our risk management policies, pro-cedures and methods; and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of March 27, 2002 on pages 9 through 13 under the heading "Risk Factors." Copies of this document are readily available upon request or can be downloaded stated below.