Press Releases

Singapore and Jakarta, April 16, 2014

Deutsche Bank appoints Kunardy D. Lie as Chief Country Officer, Indonesia

Deutsche Bank today announced the appointment of Kunardy Lie as Chief Country Officer, Deutsche Bank, Indonesia effective immediately. He takes over from Suresh Narang as Chief Country Officer for Indonesia, who retired from the Bank at the end of March 2014. Mr Lie will report to Gunit Chadha and Alan Cloete, Co-Chief Executive Officers, Asia Pacific and members of the Group Executive Committee, Deutsche Bank AG.

Announcing the appointment, Gunit Chadha said, “Kunardy is an experienced and accomplished banker and we are delighted to have him in Deutsche Bank to lead the continued growth and development of our business in Indonesia, which has significant importance and potential for the Bank. We extend our sincere thanks to Suresh who has successfully managed the Bank's development in Indonesia for over 12 years, a period of substantial expansion for the franchise.”

Mr Lie's appointment is the seventh new Chief Country Officer appointment in the last 2 years for Deutsche Bank in Asia Pacific including in Singapore, Malaysia, Korea, China, Australia & New Zealand, Japan and India as the Bank invests further in building its substantial Asia Pacific franchise which employs over 18,000 people.

Mr Lie joins Deutsche Bank from Citi where he was Managing Director and Head of Corporate and Investment Banking, Indonesia. He has extensive senior management experience across functions including through his role as Citi Senior Credit Officer in Indonesia.

Mr Lie is a Member of the Chartered Financial Analyst Institute (CFA) and holds a Master’s of Business Administration from the University of Rochester, New York, U.S.A.

About Deutsche Bank in Indonesia

Deutsche Bank first established a presence in Indonesia in 1969 when it received its commercial banking license and has since built a leading global universal banking operation that offers a wide range of products and services from the bank’s global banking platform. It now employs approximately 280 professionals in its offices in Jakarta and Surabaya. Deutsche Bank operates through these two branches and its two securities companies in Indonesia, Deutsche Securities Indonesia and Deutsche Verdhana Indonesia.

Deutsche Bank has an integrated universal banking platform in Asia that allows it to structure and execute large and complex transactions for Indonesian companies and provide ongoing support for a range of capital management, risk and liquidity needs. The Bank provides a full suite of products and services to Local Corporates, State-owned Enterprises, Financial Institutions, and subsidiaries of Multi-National Customers, from equity or debt capital-raising to cash management, trade finance, foreign exchange, custody and fund administration services.

For more information, please contact:

Deutsche Bank AG
Press & Media Relations

Stuart Haslam
+65 6423 8413

Amy Chang
+852 2203 8434

This press release has been approved and/or communicated by Deutsche Bank AG or by its subsidiaries and/ or affiliates (“DB”). Deutsche Bank AG is authorised under German Banking Law (competent authority: BaFin – Federal Financial Supervisory Authority) and by the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Securities and investment banking activities in the United States are performed by Deutsche Bank Securities Inc., member NYSE, NASD and SIPC, and its broker-dealer affiliates. Lending and other commercial banking activities in the United States are performed by Deutsche Bank AG, and its banking affiliates. Copyright (C) 2014 Deutsche Bank AG.

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