September 11, 2008

Deutsche Bank appoints Charlie Ye as Head of Global Rates Trading, China

Deutsche Bank today announced it has appointed Charlie Ye as a Managing Director and Head of Global Rates Trading in China, based in Shanghai, effective immediately. Mr. Ye joins from UBS, where he was a Managing Director and Head of Fixed Income in China. He reports locally to Feng Gao, Head of Global Markets China and regionally to David Lynne, Head of Global Rates Asia ex-Japan.

Mr. Ye is responsible for growing Deutsche Bank’s RMB-denominated interest rate products suite, expanding the local client base, as well as making a broader range of interest rate products from the Bank’s global platform available to clients in China.
Mr. Gao said: “Since opening a rates trading desk in Shanghai in 2004, Deutsche Bank has grown to become one of the leading foreign fixed income houses in China. Charlie’s appointment will further strengthen this position and benefit those clients who require specialist rates structuring to meet their investment and risk management needs”.

Mr. Lynne said: “Further strengthening our rates structuring and trading capabilities in China follows continued investment in our 13 locally-based trading desks across Asia, where Deutsche Bank is a major provider of liquidity to local markets”.

Mr. Ye has over 15 years’ capital markets and derivatives experience. Prior to UBS, Mr. Ye was Head of Sales and Trading at Bank of China International and held senior trading positions at RVI Advisors and JP Morgan. He began his career at Salomon Brothers in 1993.

Mr. Ye holds a Bachelor of Science in Physics from Fudan University, a Ph. D. in Physics from Massachusetts Institute of Technology and Master of Finance from Wharton School, University of Pennsylvania.

For further information, please contact:

Mark Bennewith +65 6423 8413

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 80,253 employees in 75 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.