May 12, 2008

Deutsche Bank announces Global Equity Derivatives Management Team

Deutsche Bank today announced the appointment of Richard Carson as global head of Global Equity Derivatives (GED) – a newly-integrated business unit that includes the bank’s vanilla, synthetic and complex equity derivatives franchises.

Rich Carson has been with Deutsche Bank since 1996 and most recently held the position of head of Complex Equity and co-head of Synthetic Equity. Carson will report to Yassine Bouhara, global head of Equities, in his new role.

Regionally, Nino Kjellman and Phil Lonergan will become joint heads of GED Europe and report to Richard Carson. The remaining regional heads are: Nadir Khamissa - CEEMA, Michele Gissi - North America, Ignacio Arnaubru - Latin America, Chiehmi Chan - Asia, Mark Stephan - Japan and Matt Milsom - Australia. All regional heads of GED will report to Richard Carson.

The products included in the integrated equity derivatives franchise, GED, are vanilla and exotic derivatives, the x-trackers ETF platform, the index-swap business, certificates, illiquid assets, strategic equity derivatives and financing, structured equity finance as well as the equity parts of the Fund and Hybrid Derivatives JVs.

“The synthetic equity and complex equity derivatives businesses have matured substantially in the past few years and will now benefit from the synergies of belonging to an integrated equity derivatives franchise,” Yassine Bouhara, global head of equities said. “This new structure will maximise Deutsche Bank’s distribution strengths and trading capabilities and I welcome Richard to his new role,” he said.

For further information, please call:

Deutsche Bank

Stacey Coglan  + 44 (0) 207 545 8226
Press and 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 78,291 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.