June 23, 2008

Deutsche Bank announces new management structure in Turkey

Deutsche Bank has announced a new management structure for it’s leading Turkish equities business, Deutsche Securities Istanbul (DSI).

  • Ahmet Unuvar will continue in his role as chairman and CEO of DSI
  • Serhan Gok is appointed head of equity research, Turkey. He was previously a senior analyst in the team
  • Sinan Mumcuoglu remains head of equity trading, Turkey
  • Idil Dagdelen moves from running equity research to head of equity sales
  • Sinan Velioglu will join the equity sales team from his position as a senior research analyst

DSI has established itself as the market leader in the provision of equity research and a leading player in the equity business in Turkey, with the bank’s research team ranked the Number 1 Turkish equity research team in the 2008 Institutional Investor survey. Deutsche Bank has also acted as Joint Global Co-ordinator and Sole International Book Runner on the recent $1.9bn placement of Turk Telekom on behalf of the Turkish Privatisation Agency.

Commenting on these changes, Kerim Derhalli, global head of emerging markets equity at Deutsche Bank, said: "The new DSI management structure underlines the very strong commitment the bank has to our local business in Turkey and to our local platforms everywhere. We have an outstanding team of talented professionals in Istanbul and these new appointments reflect the depth and strength of that team."

Ahmet Unuvar added: "We plan to continue to diversify our product offering in Istanbul and elsewhere. DSI was at the forefront of the development of the derivatives market in Turkey and we plan to remain an innovator in the local market place."

In addition, Deutsche Bank and DSI plan to make further hires in macroeconomic and equity research which will be announced in due course.

These changes are expected to be effective from 1st July.  
For further information, please call:

Deutsche Bank

Michelle Gathercole  
+44 20 7545 4249
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 78,275 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.