Tokyo, July 24, 2008

Deutsche Securities appoints Norimichi Kanari as Chairman


Deutsche Securities Inc. (DSI), today announced the appointment of Mr. Norimichi Kanari as Chairman of the company, effective October 1, 2008. Mr. Kanari joins DSI after a distinguished 38-year career with The Bank of Tokyo-Mitsubishi UFJ, Ltd., most recently as Deputy President and Chief Executive of the Global Business Unit, and succeeds Mr. Toru Hashimoto who will retire after serving as Chairman since July 1, 2003.

Mr. Kanari is one of Japan’s most senior international banking figures, a reputation he established through his appointment in 1997 as a Director of the then Bank of Tokyo-Mitsubishi, Ltd. and as General Manager of its New York Branch. His international banking credentials extended through his role at UnionBanCal Corporation and Union Bank of California, N.A.where he was President and Chief Executive Officer between July 2001 and May 2005. It was following this latter role, that Mr. Kanari was appointed as Deputy President and Chief Executive of the Global Business Unit and, in February 2007, as Chairman of the Board of UnionBanCal Corporation and Union Bank of California, N.A. In addition, Mr. Kanari has held a number of complementary posts such as his membership on a number of national Economic Committees within Keidanren (Japan Business Federation) and as a member of the Capital Markets Consultative Group of the International Monetary Fund, amongst others.

Mr. Hashimoto will continue to offer his unique financial and corporate experience in providing insights into the future development of businesses in Japan and regionally through his role on the Deutsche Bank Group Asia-Pacific Advisory Board, formed in February 2008.

Jürgen Fitschen, Member of the Group Executive Committee and the Bank’s Global Head of Regional Management, said, “I am very pleased to welcome Mr. Kanari as Chairman. Japan is an integral market to Deutsche Bank Group’s global strategy and the ongoing development of key client relationships at the most senior levels is as crucial as ever in these times. Mr. Kanari is exceptionally well qualified to further enhance our business in Japan and to build on the legacy of Mr. Hashimoto’s achievements. We are most grateful to Mr. Hashimoto and delighted that he maintains his advisory role with us.”

David Hatt, President & CEO of DSI, commented, “As one of the nation’s most senior and international bankers, I am very proud that Mr. Kanari has chosen to work with Deutsche Bank Group. His exceptional experience and qualifications will be invaluable in serving our clients’ needs and in the development of our business.”


For further information, please call:

Deutsche Securities Inc.

Seiko Adachi / Aston Bridgman                               
(81 3) 5156 7705/7709
Communications, Region Japan



About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,275 employees in 76 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

www.db.com

In Japan, Deutsche Bank Group is engaged primarily in investment banking for corporate and institutional clients, corporate banking and asset management. The Group employs about 1,410 people.

www.db.com/japan




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