Media Release December 22, 2020

Deutsche Bank Hires Chris Leonard as Head of US Rates Sales and Trading

Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB) today announced that Chris Leonard will join as Managing Director and head of its US Rates Sales and Trading complex. Leonard will be based in New York and report to James Davies, Head of Investment Bank Americas, and Kemal Askar, Head of Rates.

“Chris’ deep industry experience will augment the fantastic team we have in place,” said James Davies. “The Americas region is central to the growth of our Global Rates franchise and Chris’ talent will contribute to the continued success of the Investment Bank offering in the region.”

Leonard began his career at JPMorgan and brings two decades of experience on both the buy-side and sell-side. He joins Deutsche Bank from Barclays where he successfully built out its macro business in the Americas.

“Chris has an exceptional track record with respect to building businesses and we look forward to growing this franchise with him and the team in the years ahead,” said Kemal Askar.

As part of his new role, Leonard will also join Deutsche Bank’s Global Rates and Investment Bank Americas Executive Committees.

About Deutsche Bank

Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.

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 20 March 2020 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.

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