November 9, 2009

Deutsche Asset Management appoints Boris Liedtke CEO, Asia Pacific ex-Japan

Deutsche Asset Management (DeAM) today announced the appointment of Boris Liedtke as Chief Executive Officer (CEO), Asia Pacific ex-Japan.

Based in Singapore, Dr. Liedtke will be responsible for the implementation of DeAM’s strategy in the region, its relationships with regional regulators and governments, and will also chair DeAM’s Asia Pacific Regional Management Committee. He will report to Mark Cullen, Global Chief Operating Officer (COO) of Deutsche Asset Management, who had also been acting head of DeAM Asia Pacific.

Dr. Liedtke has spent the last 15 years with Deutsche Bank, including eight years in Asia. During this time he was based both in Hong Kong and Singapore, where he played a role in establishing new business operations for Deutsche Bank in the region. Most recently he held a number of COO roles within DeAM/DWS Investments in both Frankfurt and New York.

Robert Rankin, CEO Asia Pacific (ex-Japan) said, “Dr. Liedtke brings deep experience to this role, having already made outstanding  contributions to both Deutsche Asset Management and our Asia Pacific franchise. We are delighted to welcome him back to the region.”

Mark Cullen, Global COO of DeAM, said: "With his extensive international experience and knowledge of our business, Boris is ideally suited to his new role and to ensuring that DeAM is leveraging the bank's growing position in the region."

Dr. Liedtke holds a Master of Arts from the University of St. Andrews, and a PhD. from the London School of Economics.

For further information, please contact:

Richard Harbinson
+852 2203-8434

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 78,530 employees in 73 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.

About Deutsche Asset Management

With approximately $646.07 billion in assets under management globally (as of 30 June 2009), Deutsche Bank`s Asset Management division is one of the world's leading investment management organizations, not just in size, but in quality and breadth of investment products, performance and client service. The Asset Management division provides a broad range of investment management products across the risk/return spectrum.