May 13, 2008

Chad South joins Deutsche Bank as Head of US Clean Products Trading

Deutsche Bank Securities Inc. today announced that Chad South has joined as a Director and Head of US Clean Products Trading in the firm’s Commodities business within the Global Markets division. In his new role, South will lead the bank’s clean trading business, focusing on diesel and gasoline trading. South will be based in New York and report to John Redpath, Managing Director and Global Head of Oil and Agricultural Trading.

South joins Deutsche Bank from UBS where he was an Executive Director and refined products trader. Prior to UBS, South worked as a clean refined products trader at JP Morgan Chase. South began his career working at several energy companies, most recently as a refined products trader at British Petroleum.

“Clean products are a key component of our global products trading business and we are pleased to welcome Chad to lead our team in the United States,” said Redpath. “We are confident his deep knowledge of the industry will further enhance our continuing effort to develop our commodities business.”

South has a B.A. from Kansas State University and an M.B.A. from the University of Houston.

For further information, please call:

Renee Calabro +1-212-250-5525
Media Relations

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.

Deutsche Bank Securities Inc., member NYSE, NASD and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.