February 1, 2007

Deutsche Bank appoints David Barnes as Regional Structured Trade & Export Finance Head, Asia Pacific

Deutsche Bank today announced the appointment of David Barnes as Managing Director, Regional Structured Trade & Export Finance Head - Global Transaction Banking (GTB), Asia Pacific with immediate effect. Based in Singapore, David reports globally to Klaus Michalak, Global Head of Structured Trade & Export Finance and regionally to Thomas DuCharme, Regional Head of GTB, Asia ex-Japan.

“David will be responsible for leading strategic growth in structured trade finance in Asia. He is a strong addition to our current AsianTrade Finance and Cash Management team. His wide experience and in-depth industry knowledge of the market will further strengthen our established trade finance footprint in Asia,” said Thomas DuCharme.

David joins Deutsche Bank from ANZ where he most recently held the position of Regional
Head South Asia, Commodity & Trade Finance and has been successful in building a solid
platform of growth for their business. Prior to that, he covered senior roles in UFJ, Tokai and Sumitomo Bank. David has worked in Asia for more than 11 years. His expertise in the more structured area of Trade is well known and fits well into the areas that Deutsche is looking to expand.

“David’s appointment is in line with our global and regional strategy to tap into the increasing demand for structured financing solutions for our clients, be it in the commodity, receivable or ECA area. With this new senior hiring, we further enhance our global team of trade structuring experts and our strong regional footprint for the benefit of our clients in Asia,” said Klaus Michalak.

For further information, please call:

Deutsche Bank

Pwai Foon Tang
Global Transaction Banking
+65 9792 1982

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 Euro 1,097 billion in assets and 67,474 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.