June 15, 2010

Anshu Jain becomes sole Head of Deutsche Bank’s Corporate and Investment Bank

Michael Cohrs retires from Deutsche Bank’s Management Board

At its meeting today, Deutsche Bank’s Supervisory Board approved the request of Michael Cohrs, Co-Head of the Corporate and Investment Bank and Head of Global Banking, to retire from the Management Board and the bank at the end of September 2010.
Cohrs will maintain close ties to Deutsche Bank as a member of its European Advisory Board, which he will join on 1 October 2010.

His responsibilities as Head of Global Banking will be assumed by Anshu Jain, Head of Global Markets and Cohrs' longtime Co-Head of the Corporate and Investment Bank. Jain will be the sole head of the Corporate and Investment Bank going forward.

To ensure a smooth transition, Cohrs will transfer his responsibilities as Head of Global Banking to Jain on 1 July 2010, and will continue to work with him as a Management Board member until the end of September.

Dr. Clemens Börsig, Chairman of the Supervisory Board of Deutsche Bank, said: “The Supervisory Board would like to thank Michael Cohrs for his many years of successful work on behalf of Deutsche Bank. We are pleased that he will retain close ties to the bank in an advisory capacity. We wish Anshu Jain every success with his additional responsibilities.”

Dr. Josef Ackermann, Chairman of the Management Board and the Group Executive Committee, said: “I regret that Michael Cohrs will be leaving our longstanding management team. He led the Corporate Finance and Global Transaction Banking businesses into the world’s premier leagues. For this and for the many years we enjoyed working with him as our colleague, the Group Executive Committee is very grateful to him. Anshu Jain is taking over a strong business division. We are confident that he will build on this success.”

For further information, please call:

Deutsche Bank AG 

Press & Media Relations 

Dr. Ronald Weichert  
Phone: +49 69 910 38664 

Michael Golden
Phone: +44 207 545 6469

Investor Relations

+49 69 910 35395 (Frankfurt)
+1 212 250 7125 (New York)

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 80,849 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.



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.

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