Year 2010

October 18, 2010

Deutsche Securities Saudi Arabia appoints Ziyad Al Ashaikh as Head of Private Institutional Clients for Kingdom of Saudi Arabia

Deutsche Securities Saudi Arabia (‘DSSA”), a CMA licenced securities firm wholly owned by Deutsche Bank AG, today announced the appointment of Ziyad Al Ashaikh as Head of Private Institutional Clients for the Kingdom of Saudi Arabia.

Al Ashaikh brings to DSSA over 15 years of experience in managing client relationships and capital markets. Having started his carreer in the treasury department of National Commercial Bank (NCB), Al Ashaikh rose through the ranks to assume the role of Country Head of Investment & Derivatives Sales. He later moved to NCB Capital as Head of Institutional Sales, providing investments solutions for institutional investors and family offices in Saudi Arabia. Most recently, he was Head of Wealth Management at JADWA Investments.

Ashok Aram, CEO Deutsche Bank AG Middle East and North Africa said “I am pleased to welcome Ziyad as we expand our Private Institutional Clients’ coverage to meet the demands of our increased client base in the Kingdom of Saudi Arabia. I am confident that Ziyad’s experience and track record will benefit our clients and team in the region.”

Henry Azzam, Chairman of the Board of DSSA, said “Since launching our services in the Kingdom in 2007, Deutsche Securities has seen a steady and large expansion of its suite of financial services. We are pleased to offer our clients in Saudi Arabia a dedicated on the ground Private Institutional Clients service through DSSA to complement our Corporate & Investment Banking.”

For further information, please call:

Deutsche Bank AG
Press & Media Relations

Michael Lermer
Phone: +971 (0) 4 428 3860
E-Mail: michael.lermer@db.com

 

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 81,929 employees in 72 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.

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Trust & Securities Services

Deutsche Bank’s Trust & Securities Services business, part of the Global Transaction Banking division, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, provides fund and hedge fund administration and, through a fully integrated network of specialist offices worldwide, provides custody and related services in more than 30 securities markets.

 

This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

By their very nature, forward-looking statements involve 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 revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures 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 16 March 2010 under the heading “Risk Factors.” Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir.



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